Bajaj Auto scrip slips over 4%

Shares of Bajaj Auto today fell by over four per cent on the Bombay Stock Exchange (BSE), despite the company's good show in motorcycle and commercial vehicles sales figure for December 2010.

Though, the stock opened the session on a robust note, it failed to maintain its northward journey and fell 4.21 per cent to close at Rs 1,476.65 on the BSE.

During the day, the scrip had plunged 4.63 per cent to touch its intra-day low of Rs 1,470.

Bajaj Auto was also the worst performer among the blue-chip stocks in the Sensex.  

The company's scrip took a hit on the National Stock Exchange as well and slipped 4.29 per cent to settle at Rs 1,474.95.

In terms of volume, over 10 lakh shares of the company were traded on the two bourses.

In the motorcycle segment, the company had sold 2,43,675 units in December 2010, a rise of 11 per cent as against 2,19,920 units sold in the same month of previous year.

On the commercial vehicle category, the company witnessed a marginal increase of five per cent.

Bajaj Auto had sold 33,128 units in December 2010, as against 31,575 units in the same month of previous year.

Meanwhile, the BSE 30-share barometer Sensex ended the day with a gain of 51.96 points at 20,561.05.