Bajaj Auto rose 0.87% to Rs 1961.10 at 9:43 IST on BSE after three block deals aggregating 3.07 lakh shares were executed in the counter on BSE at 9:15 IST.
A block deal of 2.81 lakh shares was executed at Rs 1,951 per share. Another block deal of 13,060 shares was executed at Rs 1,951 per share while one more block deal of 13,060 shares was executed at Rs 1,946 per share.
The block deals constitute 0.1% of Bajaj Auto's equity.
Meanwhile, the S&P BSE Sensex was down 18.56 points or 0.09% at 21,082.47.
On BSE, so far 3.12 lakh shares were traded in the counter as against average daily volume of 40,432 shares in the past one quarter.
The stock hit a high of Rs 1,968.30 and a low of Rs 1,946 so far during the day. The stock had hit a record high of Rs 2,228.95 on 3 January 2013. The stock had 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 23 December 2013, advancing 2.68% compared with the Sensex's 4.37% rise. The scrip had also underperformed the market in past one quarter, declining 1.74% as against Sensex's 6.03% gain.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's net profit rose 13% to Rs 837.16 crore on 5.1% growth 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.
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