Bajaj Auto slips after dull Q1 numbers

Bajaj Auto fell 0.88% to Rs 1,880.50 at 11:26 IST on BSE after net profit rose 2.69% to Rs 737.68 crore on 0.93% increase income from operations to Rs 4911.09 crore in Q1 June 2013 over Q1 June 2012.

The result was announced during trading hours today, 19 July 2013.

Meanwhile, the S&P BSE Sensex was up 58.50 points, or 0.29%, to 20,186.91.

On BSE, 40,000 shares were traded in the counter as against an average daily volume of 32,012 shares in the past one quarter.

The stock hit a high of Rs 1,910 and a low of Rs 1,860.10 so far during the day. The stock had hit a record high of Rs 2228.95 on 3 January 2013. The stock had hit a 52-week low of Rs 1423.10 on 18 July 2012.

The stock had underperformed the market over the past one month till 18 July 2013, rising 3.85% compared with the Sensex's 4.71% rise. The scrip had, however, outperformed the market in past one quarter, rising 5.89% as against Sensex's 5.85% rise.

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

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

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