New Delhi: Shares of Bajaj Auto on Thursday cracked over 13 per cent after the firm reported a 31 per cent year-on-year decline in consolidated profit after tax for the second quarter ended September 30, 2024.
The stock tanked 12.87 per cent to settle at Rs10,122.30 on the BSE. During the day, it plunged 13.31 per cent to Rs10,071. At the NSE, it slumped 13.11 per cent to Rs10,093.50. The company’s market valuation eroded by Rs41,665.54 crore to Rs2,82,672.93 crore. In traded volume terms, 1.40 lakh shares of the firm were traded at the BSE and 36.69 lakh shares at the NSE during the day. Bajaj Auto on Wednesday reported a 31 per cent year-on-year decline in consolidated profit after tax to Rs 1,385 crore for the second quarter ended September 30, 2024, impacted by higher expenses and a one-time hit due to an increase in its provision for deferred tax.
