Bajaj Auto lost 1.74% to Rs 2,589.50 at 9:31 IST on BSE after the company said its total sales almost remained unchanged at 3.09 lakh units in November 2014 compared with 3.10 lakh units in November 2013.
The sales numbers were announced during market hours today, 2 December 2014.
Meanwhile, the S&P BSE Sensex was down 60.78 points or 0.21% at 28,498.84.
On BSE, so far 4,916 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks.
The stock hit a high of Rs 2,629.70 and a low of Rs 2,565 so far during the day.
Bajaj Auto's motorcycles sales declined 6% to 2.61 lakh units in November 2014 over November 2013. Sales of commercial vehicles surged 48% to 47,311 units in November 2014 over November 2013.
Bajaj Auto's net profit declined 29.4% to Rs 590.90 crore on 15.1% growth in net sales to Rs 5826.85 crore in Q2 September 2014 over Q2 September 2013.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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