Bajaj Auto slips after announcing poor monthly sales

Bajaj Auto fell 0.91% to Rs 2,815 at 10:51 IST on BSE after the company's total sales declined 10% to 3.13 lakh units in May 2017 over May 2016.

The announcement was made during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 102.77 points or 0.33% at 31,240.36

On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 26,284 shares in the past one quarter. The stock had hit a high of Rs 2,831.05 and a low of Rs 2,772.20 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,510 on 15 November 2016.

The stock fell 2.83% over the past one month till 1 June 2017, underperforming the Sensex's 4.08% rise. The scrip had also underperformed the market in past one quarter, rising 0.34% as against Sensex's 7.43% rise. The scrip had also underperformed the market in past one year, gaining 9.48% as against Sensex's 16.56% rise.

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

Bajaj Auto's domestic sales fell 15% to 1.74 lakh units. Exports declined 3% to 1.39 lakh units.

Bajaj Auto consolidated net profit fell 13.44% to Rs 862.25 crore on 7.26% decline in total income to Rs 5252.38 crore in Q4 March 2017 over Q4 March 2016.

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

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