Bajaj Auto fell 1.54% to Rs 1,903.15 at 10:50 IST on BSE, after total sales fell 18% to 2.81 lakh units in July 2013 over July 2012.
The announcement was made during market hours today, 2 August 2013.
Meanwhile, the S&P BSE Sensex was down 1.16 points, or 0.01%, to 19,316.03
On BSE, 8,690 shares were traded in the counter as against an average daily volume of 35,121 shares in the past one quarter.
The stock hit a high of Rs 1,948 and a low of Rs 1,894 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 1,590 on 2 August 2012.
The stock had outperformed the market over the past one month till 1 August 2013, rising 0.51% compared with the Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, gaining 2.71% as against Sensex's 0.96% fall.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto reported 18% fall in total sales to 2.81 lakh units in July 2013 over July 2012. Motorcycle sales fell 20% to 2.46 lakh units in July 2013 over July 2012. Commercial vehicle sales fell 2% to 34,499 units in July 2013 over July 2012. Total exports declined 12% to 1.10 lakh units in July 2013 over July 2012.
Bajaj Auto's net profit rose 2.7% to Rs 737.68 crore on 0.8% increase in total income to Rs 5086.69 crore in Q1 June 2013 over Q1 June 2012. The result was announced during trading hours on 19 July 2013.
The company reported a 24% rise in sale of commercial vehicles to 1.19 lakh units in Q1 June 2013 over Q1 June 2012. Sale of commercial vehicles in the domestic market rose marginally by 0.49% to 45,057 units and exports jumped 44% to 74,067 units in Q1 June 2013 over Q1 June 2012.
Bajaj Auto reported a 12% decline in total motorcycle sales to 8.60 lakh units in Q1 June 2013 over Q1 June 2012. Motorcycle sales in the domestic market fell 8% to 5.71 lakh units and exports declined 21% to 2.88 lakh units in Q1 June 2013 over Q1 June 2012.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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