The announcement was made during market hours today, 2 July 2013.
Meanwhile, the S&P BSE Sensex was down 19 points, or 0.10%, to 19,558.39.
On BSE, 14,000 shares were traded in the counter as against an average daily volume of 35,289 shares in the past one quarter.
The stock hit a high of Rs 1,968.55 and a low of Rs 1,904.70 so far during the day. The stock had hit a record high of Rs 2,228.95 on 3 June 2013. The stock had hit a 52-week low of Rs 1,423.10 on 18 July 2012.
The stock had outperformed the market over the past one month till 1 July 2013, rising 5.51% compared with the Sensex's 0.93% fall. The scrip had also outperformed the market in past one quarter, gaining 7.81% as against Sensex's 3.78% rise.
India's second largest motorcycle maker by sales has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
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Motorcycle sales fell 20% to 2.54 lakh units in June 2013 over June 2012. Motorcycle sales declined as the illegal strike at Chakan plant caused a loss of approximately 20,000 motorcycles, Bajaj Auto said in a statement.
Commercial vehicle sales jumped 54% to 41,205 units during the period under review.
Total exports rose 4% to 1.20 lakh units in in June 2013 over June 2012.
Workers at the company's Chakan plant stopped coming to work from 25 June 2013 after management refused to concede their demand that all the workmen working in Bajaj Auto should each be given an option to subscribe to 500 equity shares of the company at a discounted price of Re 1 per share.
Bajaj Auto's net profit fell 1% to Rs 766 crore on 4% rise in turnover to Rs 4990 crore in Q4 March 2013 over Q4 March 2012.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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