Bajaj Auto slips after declaring poor sales in May

Bajaj Auto fell 0.34% to Rs 2,328.35 at 11:10 IST on BSE after total sales fell 2% to 3.45 lakh units in May 2015 over May 2014.

The announcement was made during market hours today, 2 June 2015.

Meanwhile, the S&P BSE Sensex was down 142.47 points or 0.51% at 27,706.52

On BSE, so far 12,051 shares were traded in the counter as against average daily volume of 40,878 shares in the past one quarter.

The stock hit a high of Rs 2,345 and a low of Rs 2,312 so far during the day. The stock had hit a record high of Rs 2,690 on 24 November 2014. The stock had hit a 52-week low of Rs 1,913.80 on 30 April 2015.

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

Bajaj Auto's motorcycle sales dropped 4% to 3.01 lakh units in May 2015 over May 2014. Commercial vehicles sales rose 13% to 43,576 units in May 2015 over May 2014. Exports rose 2% to 1.58 lakh units in May 2015 over May 2014.

Bajaj Auto's net profit fell 18.6% to Rs 621.62 crore on 4.4% decline in total income to Rs 4893.61 crore in Q4 March 2015 over Q4 March 2014.

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

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