Bajaj Auto falls on cut in export duty drawback

Bajaj Auto, one of the leading 2 and 3 wheeler makers, fell on Tuesday after the back of a reduction in the export duty drawback. The government has cut the export duty drawback from 5.5% to 2%. Shares ofthe companyare trading at Rs 1,721, down Rs 29.65, or 1.69% at the Bombay Stock Exchange (BSE) on Tuesday at 11:15 a.m.The scrip has touched an intra-day high of Rs 1,736.95 and low of Rs 1,705 The total volume of shares traded at the BSE is 19,336.In the earlier session, the shares declined 0.02%, or Rs 0.39, at Rs 1,750.65. Currently, the stock is trading down 6.97% from its 52-week high of Rs 1,850 and above 22.06% over the 52-week low of Rs 1,410.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,812.25 (61.60) (3.40) 1 Month 1,683.95 66.70 3.96 3 Months 1,513.40 237.25 15.68 6 Months 1,640.95 109.70 6.69 1 Year 1,554.05 196.60 12.65 Note: Based on previous day closing price.