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| Bajaj Auto hits new high, slips 2% at close |
| BS Reporter / Mumbai Jul 22, 2009, 15:48 IST |
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The stock slipped 6% from its high to touch a low of Rs 1,156. It finally ended 2% lower at Rs 1,166. The counter clocked relatively thin volumes of 18,549 shares on the BSE as against its two-week daily average trades of 55,810 shares.
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(Updated at 1241 hrs)
Bajaj Auto has touched an all-time high of Rs 1,230 today on the BSE.
The stock is now at Rs 1,208 (up 1.5%), after opening at Rs 1,177. Around 9,800 stocks have changed hands so far as against its two-week average traded quantity of 55,810 stocks.
The net profit of the country's second-largest two-wheeler maker increased 67% to Rs 2,934.90 crore from Rs 1,751.10 in the same quarter last year.
Bajaj Auto phased out the Pulsar 200 model to make way for the new Pulsar 220, as both were priced on a par, despite the latter being more powerful. The Pulsar 200 has a 198.8cc engine, while the Pulsar 220 has a 220cc engine.
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