Bajaj Auto up on 3-fold jump in net profit

The stock slipped to a low of Rs 1,685 - down 3.5% from the day's high. It finally ended with a 1% gain at Rs 1,712. Around 1.32 lakh shares were traded on the counter today as against the two-week daily average trade of 47,000 shares.
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(Updated at 0951 hrs)

Bajaj Auto registered nearly three-fold jump in net profit at Rs 475 crore in the quarter ended December 31,2009 beating all the market expectations.

The net sales also increased 58% to Rs 3,165 crore as compared to Rs 2,004 crore in the same quarter, a year ago.

The stock opened at Rs 1,705 and soared to a high of Rs 1,746. The scrip is now up 2% at Rs 1,733. The counter has clocked volumes of 0.69 lakh shares as compared to the two-week daily average traded volumes of 0.47 lakh shares on the BSE.