Bajaj Auto skids 3% in strong market as January sales decline

The company reported a 22 per cent year-on-year decline in its domestic two-wheelers sales for January

Shares of Bajaj Auto slipped 3 per cent to Rs 3,176, on the BSE on Tuesday as investors booked profits after the company reported 22 per cent decline in domestic two-wheelers sales for January.

The stock has fallen 4 per cent from intra-day high level of Rs 3,313. At 01:45 pm, Bajaj Auto was the top loser among the S&P BSE Sensex stocks. In comparison, the benchmark index was up 2.1 per cent at 40,709 points.

India’s leading two-wheeler manufacturer said that it had dispatched 157,796 units of two-wheelers in January in the domestic market, against 203,358 units