Bajaj Auto shares on Thursday fell by nearly 2 per cent after the company reported a flat growth in net profit for the third quarter ended December.
The stock declined by 1.62 per cent to end at Rs 2,310.05 on the BSE. During the day, it slipped 2.37 per cent to Rs 2,292.25.
On NSE, shares of the company dipped 1.57 per cent to settle at Rs 2,310.65.
Bajaj Auto Ltd on Thursday reported 4.67 per cent increase in net profit to Rs 901.49 crore for the third quarter ended December.
The company had posted a net profit of Rs 861.24 crore in the same quarter last fiscal.
Net sales during the third quarter of the current fiscal were down 1.02 per cent at Rs 5,463.2 crore as against Rs 5,520.01 crore in the year-ago period, the company said in a BSE filing.
In terms of volume, sales during the quarter declined by 3.35 per cent to 9,51,498 units as against 9,84,520 units sold in the same period last fiscal.