Bajaj Auto gains after declaring Q2 result

Bajaj Auto rose 1.58% to Rs 2,808 at 13:51 IST on BSE after consolidated net profit rose 7.2% to Rs 1200.72 crore on 1.49% increase in total income to Rs 6775.03 crore in Q2 September 2016 over Q2 September 2015.

The Q2 result was announced during trading hours today, 28 October 2016.

Meanwhile, the S&P BSE Sensex was up 14.31 points or 0.05% at 27,930.21

On BSE, so far 43,000 shares were traded in the counter as against average daily volume of 22,595 shares in the past one quarter. The stock hit a high of Rs 2,828 and a low of Rs 2,767.50 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016. The stock had hit a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had underperformed the market over the past 30 days till 27 October 2016, falling 5.13% compared with 1.33% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 2.31% as against Sensex's 0.48% decline.

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

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

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