Bajaj Auto fell 2.63% to Rs 2,105 at 11:13 IST on BSE after total sales fell 22% to 2.43 lakh units in February 2015 over February 2014.
The announcement was made during trading hours today, 2 March 2015.
Meanwhile, the BSE Sensex was up 39.05 points, or 0.13%, to 29,400.55.
On BSE, so far 45,000 shares were traded in the counter, compared with an average volume of 81,442 shares in the past one quarter.
The stock hit a high of Rs 2,204 and a low of Rs 2,104.30 so far during the day. The stock hit a record high of Rs 2,690 on 24 November 2014. The stock hit a 52-week low of Rs 1,844 on 20 May 2014.
The stock had underperformed the market over the past one month till 28 February 2015, falling 9.81% compared with 0.67% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 18.10% as against Sensex's 2.33% rise.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Motorcycles sales fell 21% to 2.16 lakh units in February 2015 over February 2014. Sales of commercial vehicles fell 32% to 27,242 units in February 2015 over February 2014. Exports fell 20% to 1.12 lakh units in February 2015 over February 2014.
Bajaj Auto reported 4.78% fall in net profit to Rs 861.24 crore on 10.24% rise in total income from operations (net) to Rs 5657.17 crore in Q3 December 2014 over Q3 December 2013.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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