Bajaj Auto slips after weak sales in April

Bajaj Auto fell 0.62% to Rs 1,870.15 at 10:03 IST on BSE after total sales fell 10% to 3.44 lakh units in April 2013 over April 2012.

The announcement was made during trading hours today, 2 May 2013.

Meanwhile, the BSE Sensex was up 95.43 points, or 0.49%, to 19,599.61.

On BSE, 5,483 shares were traded in the counter as against an average daily volume of 29,587 shares in the past one quarter.

The stock hit a high of Rs 1,910 and a low of Rs 1,862 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 outperformed the market over the past one month till 30 April 2013, rising 4.84% compared with the Sensex's 3.55% rise. The scrip had, however, underperformed the market in past one quarter, sliding 7.17% as against Sensex's 2.50% fall.

India's second largest motorcycle maker by sales has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Total motorcycle sales fell 12% to 3 lakh units in April 2013 over April 2012. Total commercial vehicle sales rose 10% to 43,351 units during the period.

Total exports fell 23% to 1.30 lakh units in April 2013 over April 2012.

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. The company will announce its year ended March 2013 results on 16 May 2013.

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

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