Bajaj Auto slips as July sales drop

Bajaj Auto fell 0.86% to Rs 1,601 at 10:16 IST on BSE after the company said its total sales declined 5% to 3.44 lakh units in July 2012 over July 2011.

The company announced the monthly sales data during trading hours today, 2 August 2012.

Meanwhile, the BSE Sensex was down 33.13 points or 0.19% to 17,224.25.

On BSE, 12,000 shares were traded in the counter as against average daily volume of 52,718 shares in the past one quarter.

The stock hit a high of Rs 1,611 and a low of Rs 1,590 so far during the day. The stock had hit a 52-week low of Rs 1,351.25 on 8 August 2011. The stock had hit a record high of Rs 1,839 on 29 February 2012.

The stock had outperformed the market over the past one month till 1 August 2012, rising 2.73% compared with the Sensex's 0.99% fall. The scrip had, however, underperformed the market in past one quarter, falling 0.51% as against Sensex's 0.35% fall.

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

Bajaj Auto's motorcycle sales declined 3% to 3.08 lakh units in July 2012 over July 2011. The company sold 5,600 units of Pulsar 200 NS and 14,400 units of Discover 125 ST in July 2012. Bajaj Auto's commercial vehicles sales dropped 23% to 35,292 units in July 2012 over July 2011.

Bajaj Auto's exports declined 13% to 1.25 lakh units in July 2012 over July 2011. The company said there has been partial recovery in exports to Sri Lanka and Egypt and it expects further recovery in exports this month.

Bajaj Auto's net profit rose 1% to Rs 718.39 crore on 3.9% growth in net sales to Rs 4713.64 crore in Q1 June 2012 over Q1 June 2011.

Bajaj Auto is India's second largest motorcycle maker by sales after Hero MotoCorp.

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