Bajaj Auto drops ex-dividend

Meanwhile, the S&P BSE Sensex was up 82.72 points or 0.43% at 19,260.48.

On BSE, 4,898 shares were traded in the counter as against average daily volume of 34,674 shares in the past one quarter.

The stock hit a high of Rs 1,893.40 and a low of Rs 1,864.90 so far during the day. The stock had hit a 52-week low of Rs 1,423.10 on 18 July 2012. The stock had hit a record high of Rs 2,228.95 on 3 January 2013.

The stock had outperformed the market over the past one month till 3 July 2013, surging 7.57% compared with the Sensex's 2.21% fall. The scrip had also outperformed the market in past one quarter, jumping 12.05% as against Sensex's 2% rise.

India's second largest motorcycle maker by sales has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.37% based on the closing price of Rs 1,895.65 on Wednesday, 3 July 2013.

Bajaj Auto's net profit declined 0.8% to Rs 765.77 crore on 3% growth in net sales to Rs 4651.05 crore in Q4 March 2013 over Q4 March 2012.

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

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