Bajaj Auto gains post Q2 results

India's second largest two wheeler manufacturers, Bajaj Auto gained on Monday after reported a marginal rise of 2% in net profit for the quarter ended September 30, 2012 as fall in the sales weighed on the bottom line. During the quarter, the net profit rose to Rs 7.40 billion as compared to Rs 7.25 billion in the same period last year.

During the quarter, net sales of the company fell 3.45% to Rs 48.17 billion, while total income has decreased 3.79% to Rs 51.39 billion, when compared with the same period last year. Shares ofthe companyare trading at Rs 1,790.50, up Rs 20.3, or 1.15% at the Bombay Stock Exchange (BSE) on Monday at 1:00 p.m.The scrip has touched an intra-day high of Rs 1,801 and low of Rs 1,753.10. The total volume of shares traded at the BSE is 22,179.In the earlier session, the shares declined 0.19%, or Rs 3.34, at Rs 1,770.20. Currently, the stock is trading down 3.22% from its 52-week high of Rs 1,850 and above 26.99% over the 52-week low of Rs 1,410.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,743.60 26.60 1.53 1 Month 1,788.55 (18.35) (1.03) 3 Months 1,590.60 179.60 11.29 6 Months 1,673.25 96.95 5.79 1 Year 1,640.55 129.65 7.90 Note: Based on previous day closing price.