Bajaj Auto fell 0.54% to Rs 2,505.45 at 11:17 IST on BSE, with the stock declining amid volatility after the company said that its total sales rose 3.44% to 3.30 lakh units in July 2015 over July 2014.
The announcement was made during market hours today, 3 August 2015.
Meanwhile, the S&P BSE Sensex was up 75.17 points or 0.27% at 28,189.73.
On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 44,970 shares in the past one quarter.
The stock was volatile. The stock fell as much as 0.73% at the day's low of Rs 2,500.70 so far during the day. The stock rose as much as 1.71% at the day's high of Rs 2,562.25 so far during the day. The stock had hit a record high of Rs 2,690 on 24 November 2014. The stock had hit a 52-week low of Rs 1,913.80 on 30 April 2015.
The stock had underperformed the market over the past one month till 31 July 2015, sliding 0.65% compared with Sensex's 1.2% rise. The scrip had, however, outperformed the market in past one quarter, surging 29.23% as against Sensex's 4.08% rise.
The large-cap two-wheeler manufacturer has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's motorcycles sales rose 5% to 2.82 lakh units in July 2015 over July 2014. Sales of commercial vehicles dropped 7% to 47,798 units in July 2015 over July 2014.
Bajaj Auto's net profit rose 37.1% to Rs 1014.80 crore on 7.2% growth in net sales to Rs 5505.06 crore in Q1 June 2015 over Q1 June 2014.
Bajaj Auto is ranked as the world's fourth largest two-and three-wheeler manufacturer.
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