The announcement was made during trading hours today, 3 December 2012. The stock sharply pared gains after the announcement. It had risen as much as 1.14% at the intraday high of Rs 1,952.50.
Meanwhile, the BSE Sensex was down 37.96 points, or 0.20%, to 19,301.94.
On BSE, 4,024 shares were traded in the counter as against an average daily volume of 24,200 shares in the past one quarter.
The stock hit a high of Rs 1,952.50 and a low of Rs 1,921.20 so far during the day. The stock had hit a record high of Rs 1,977 on 29 November 2012. The stock had hit a 52-week low of Rs 1,410 on 16 January 2012.
The stock had outperformed the market over the past one month till 30 November 2012, rising 7.42% compared with the Sensex's 4.93% rise. The scrip had also outperformed the market in past one quarter, rising 18.41% as against Sensex's 10.25% rise.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto said its total motorcycle sales fell 2% to 3.26 lakh units in November 2012 over November 2011. The company said sales of its "Discover" brand of motorcycles were reported at 1.50 lakh units in November 2012. "Pulsar" and "Discover" brand of motorcycles contributed 68% of the company's total motorcycle sales.
Commercial vehicle sales rose 7% to 45,566 units during the period under review. The company said growth in diesel 3-wheeler sales and market share continued.
Total exports fell 4% to 1.24 lakh units in November 2012 over November 2011.
Bajaj Auto's net profit rose 2% to Rs 740.67 crore on 3.5% decline in net sales to Rs 4817.07 crore in Q2 September 2012 over Q2 September 2011.
Bajaj Auto is India's second largest motorcycle maker by sales after Hero MotoCorp.
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