Bajaj Auto gains after announcing Q3 result

Bajaj Auto rose 0.72% to Rs 1,909 at 12:49 IST on BSE after net profit rose 10.48% to Rs 904.55 crore on 4.68% fall in total income to Rs 5353.08 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during market hours today, 16 January 2014.

Meanwhile, the S&P BSE Sensex was down 53.61 points or 0.25% at 21,235.88

On BSE, so far 17,489 shares were traded in the counter as against average daily volume of 48,592 shares in the past one quarter.

The stock hit a high of Rs 1,917.90 and a low of Rs 1,894 so far during the day. The stock had hit a 52-week high of Rs 2,193.85 on 17 October 2013. The stock had hit a 52-week low of Rs 1,657.50 on 4 April 2013.

The stock had underperformed the market over the past one month till 15 January 2014, falling 0.63% compared with the Sensex's 2.77% rise. The scrip also underperformed the market in past one quarter, sliding 10.77% as against Sensex's 3.61% 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.

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