Bajaj Auto gains after declaring interim dividend

Bajaj Auto rose 0.71% to Rs 2,330.25 at 9:48 IST on BSE after the company's board of directors declared an interim dividend of Rs 50 per share for the year ending 31 March 2016.

The announcement was made after trading hours yesterday, 9 March 2016. The Bajaj Auto stock offers a dividend yield of 2.16% based on its closing price of Rs 2,313.85 on the BSE yesterday, 9 March 2016.

Meanwhile, the BSE Sensex was down 117.86 points, or 0.48%, to 24,676.10

On BSE, so far 3,900 shares were traded in the counter, compared with an average volume of 20,814 shares in the past one quarter. The stock hit a high of Rs 2,337.45 and a low of Rs 2,324.15 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015.

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

On 2 March 2016, Bajaj Auto announced 12% rise in total sales to 2.72 lakh units in February 2016 over February 2015.

Bajaj Auto's net profit rose 4.7% to Rs 901.49 crore on 1% fall in net sales to Rs 5463.20 crore in Q3 December 2015 over Q3 December 2014.

Bajaj Auto is one of the leading two-and three-wheeler manufacturer in India.

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