Bajaj Auto shares down 2 pc post disappointing Q2 earnings

Shares of Bajaj Auto today fell by nearly 2 per cent after the company reported a 29.41 per cent decline in net profit for the quarter ended September.
After falling 2.54 per cent to Rs 2,348.80 in intra-day trade, Bajaj Auto's scrip ended at Rs 2,362.90, down 1.96 per cent on the BSE.
At the NSE, the stock slipped 1.58 per cen to end at Rs 2,374.
In terms of volume, 3.28 lakh shares of the company changed hands at the BSE, while over 5 lakh shares were traded at the NSE during the day.
Bajaj Auto had on Tuesday reported a 29.41 per cent decline in net profit at Rs 590.9 crore for the three months ended September, hit by a one-time expense of Rs 340.29 crore related to Pantnagar plant in Uttarakhand.

The company had posted a net profit of Rs 837.16 crore in the same quarter last fiscal.
Net sales during the period under review rose to Rs 5,826.85 crore as against Rs 5,061.49 crore in the year-ago quarter.
During the second quarter, the company's revenues from exports rose to Rs 2,736 crore as against Rs 2,125 crore in the same period of the previous fiscal.