Bajaj Auto fell 2.07% to Rs 2,096 at 11:57 IST on BSE after net profit rose 0.31% to Rs 739.98 crore on 7.57% increase in total income to Rs 5471.68 crore in Q1 June 2014 over Q1 June 2013.
The result was announced during trading hours today, 17 July 2014.
Meanwhile, the BSE Sensex was down 37.13 points, or 0.15%, to 25,512.59.
On BSE, so far 43,000 shares were traded in the counter, compared with an average volume of 29,645 shares in the past one quarter.
The stock hit a high of Rs 2,155.55 and a low of Rs 2,084.10 so far during the day. The stock hit a 52-week high of Rs 2,363.90 on 2 July 2014. The stock hit a 52-week low of Rs 1,683.35 on 28 August 2013.
The stock had underperformed the market over the past one month till 16 July 2014, falling 1.49% compared with 1.43% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 6.99% as against Sensex's 14.69% rise.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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