Bajaj Auto recovers after recent slide

Meanwhile, the S&P BSE Sensex was down 13.34 points or 0.07% at 18,481.94.

On BSE, 13,000 shares were traded in the counter as against average daily volume of 29,055 shares in the past one quarter.

The stock hit a high of Rs 1,709 and a low of Rs 1,665 so far during the day. The stock had hit a record high of Rs 2,228.95 on 3 January 2013. The stock had hit a 52-week low of Rs 1,423.10 on 18 July 2012.

The stock had underperformed the market over the past one month till 4 April 2013, sliding 15.61% compared with the Sensex's 1.95% fall. The scrip had also underperformed the market in past one quarter, declining 24.07% as against Sensex's 6.44% fall.

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

Shares of Bajaj Auto had declined 8.17% in seven trading sessions to settle at Rs 1,673.90 on Thursday, 4 April 2013, from a recent high of Rs 1,822.85 on 22 March 2013.

Bajaj Auto's total sales fell 10% to 3.01 lakh units in March 2013 over March 2012. Motorcycles sales declined 11% to 2.67 lakh units in March 2013 over March 2012. Commercial vehicles sales fell 1% to 34,194 units in March 2013 over March 2012. Exports declined 6% to 1,01,374 units in March 2013 over March 2012. The company announced the sales figures on Tuesday, 2 April 2013.

Bajaj Auto's net profit rose 3% to Rs 818.74 crore on 9.7% growth in net sales to Rs 5307.20 crore in Q3 December 2012 over Q3 December 2011.

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

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