Bajaj Auto lost 2.17% to Rs 2,050.45 at 09:49 IST on BSE after the company said its total sales fell 6% to 385,323 units in October 2013 over October 2012.
Bajaj Auto announced October 2013 sales during market hours today, 6 November 2013.
Meanwhile, the S&P BSE Sensex was up 40 points, or 0.19%, to 21,014.79
On BSE, 7,089 shares were traded in the counter compared with average volume of 43,182 shares in the past one quarter.
The stock hit a high of Rs 2,100 and a low of Rs 2,042 so far during the day. The stock hit a record high of Rs 2,228.95 on 3 January 2013. The stock hit a 52-week low of Rs 1,657.50 on 4 April 2013.
The stock underperformed the market over the past one month till 5 November 2013, falling 1.09% compared with the Sensex's 5.32% rise. The scrip, however, outperformed the market in past one quarter, advancing 11.8% as against Sensex's 9.34% rise.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's motorcycle sales declined 4% to 348,323 units in October 2013 over October 2012. Sales of commercial vehicles fell 26% to 37,000 units in October 2013 over October 2012. Export sales rose 9% to 138,022 units in October 2013 over October 2012. Bajaj Auto said that the company clocked its highest ever exports sales in October 2013.
Bajaj Auto's net profit rose 13% to Rs 837.16 crore on 5.1% rise in net sales to Rs 5061.49 crore in Q2 September 2013 over Q2 September 2012.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
Powered by Capital Market - Live News
