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Bajaj Auto slips on profit booking

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Capital Market Mumbai

Meanwhile, the BSE Sensex was down 51.05 points or 0.26% at 19,713.73.

On BSE, 5,039 shares were traded in the counter as against average daily volume of 34,872 shares in the past one quarter.

The stock hit a high of Rs 2,221.70 and a low of Rs 2,195.20 so far during the day. The stock had hit a record high of Rs 2,228.95 on Thursday, 3 January 2013. The stock had hit a 52-week low of Rs 1,410 on 16 January 2012.

The stock had outperformed the market over the past one month till 3 January 2013, surging 14.92% compared with the Sensex's 2.38% rise. The scrip had also outperformed the market in past one quarter, jumping 24.11% as against Sensex's 4.74% gain.

 

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Shares of Bajaj Auto had risen 3.6% in two trading sessions to settle at Rs 2,213.95 on Thursday, 3 January 2013, from Rs 2,136.95 on 1 January 2013, after the company during trading hours on 2 January 2013 reported good December 2012 sales. The stock witnessed solid rally over the past few months. From Rs 1,447.15 on 17 July 2012, the stock jumped 52.98% to settle at Rs 2,213.95 on 3 January 2013.

Bajaj Auto's total sales rose 13% to 3.43 lakh shares in December 2012 over December 2011. Motorcycle sales rose 13% to 2.98 lakh units in December 2012 over December 2011. Three-wheeler sales rose 9% to 45,596 units in December 2012 over December 2011. Bajaj Auto's exports rose 5% to 1.26 lakh units in December 2012 over December 2011.

Bajaj Auto's net profit rose 2% to Rs 740.67 crore on 3.5% decline in net sales to Rs 4817.07 crore in Q2 September 2012 over Q2 September 2011.

Bajaj Auto is India's second largest motorcycle maker by sales after Hero MotoCorp.

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First Published: Jan 04 2013 | 11:32 PM IST

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