Bajaj Auto Finance slips 4% on profit taking

The stock slipped further and touched a low of Rs 160. The scrip finally settled at Rs 170, down 4% from the previous close. The counter witnessed heavy volumes of 37,953 shares as compared to the two-week daily average  traded volumes of 7,035 shares.
___________________________________________________

(Updated at 1419hrs)

The stock has slipped into the negative terrain due to profit taking and touched a low of Rs 169. The scrip is now trading at Rs 171, down 4%. Around 32,344 shares have been traded on the BSE so far.
______________________________________________________

(Updated at 1056hrs)

Bajaj Auto Finance has opened firm today morning after the stock hit the 20% upper circuit on the back of strong quarterly results.

The stock today opened at its 52-week high level mark at Rs 199, up 12% from the previous close. The stock slipped to a low of Rs 180 and is now at Rs 182, up 3%.

The counter has witnessed trades of 15,227 shares as compared to the two-week daily average traded volumes of 7,035 shares on the BSE so far.

Bajaj Auto Finance, the captive non-banking finance company (NBFC) of Bajaj Auto, saw its net profit leap by five-fold to Rs 15.21 crore for the quarter ended June 2009 as compared to Rs 3.01 crore in the corresponding quarter last year.

Total income increased by 48% to Rs 189.85 crore while net interest income rose 75% to Rs 148.22 crore on a year-on-year basis.