Bajaj Auto slips after Q3 results

Bajaj Auto fell 1.44% to Rs 2314.25 at 14:09 IST on BSE after net profit rose 4.65% to Rs 901 crore on 0.23% increase in turnover to Rs 5765 crore in Q3 December 2015 over Q3 December 2014.

The result was announced during trading hours today, 4 February 2016.

Meanwhile, the BSE Sensex was up 174.71 points, or 0.72%, to 24,398.03.

On BSE, so far 1.32 lakh shares were traded in the counter, compared with an average volume of 18,727 shares in the past one quarter. The stock hit a high of Rs 2,392.75 and a low of Rs 2,298.70 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015. The stock had outperformed the market over the past one month till 3 February 2016, falling 6.83% compared with 7.41% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.03% as against Sensex's 8.90% fall.

The large-cap company has an 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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