Bajaj Auto advances after declaring Q3 result

Bajaj Auto rose 2.16% to Rs 2,414.60 at 13:11 IST on BSE after the company 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.

Meanwhile, the S&P BSE Sensex was up 670.27 points or 2.45% at 28,017.09

The Q3 result hit the market during market hours today, 15 January 2015.

On BSE, so far 33,592 shares were traded in the counter as against average daily volume of 26,887 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 2,433 and a low of Rs 2,359.25 so far during the day. The stock had hit a record high of Rs 2,690 on 24 November 2014. The stock had hit a 52-week low of Rs 1,796 on 4 February 2014.

The stock had underperformed the market over the past one month till 14 January 2015, falling 6.34% compared with 0.01% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.93% as against Sensex's 3.79% rise.

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

Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.

Powered by Capital Market - Live News