Bajaj Auto shares fell by 7.12% to ₹10,789.95 at the opening of trading on Thursday after the company released its Q2 FY25 financial results. The stock opened at ₹11,222.20, reached an early high of ₹11,287.35, and touched a low of ₹10,636.75 during the initial trading hours, following a previous close of ₹11,616.95.
In its Q2 results, Bajaj Auto reported revenue from operations of ₹13,127 crore, a 22% increase compared to ₹10,777 crore in the same quarter last year. However, the company’s performance fell short of expectations, with ET Now poll estimates projecting revenue of ₹13,305 crore and a profit after tax (PAT) of ₹2,198 crore.
The sharp decline in the stock price is largely attributed to cautious management commentary, which raised concerns among investors and overshadowed the company’s otherwise strong revenue growth. The market responded with a significant sell-off, resulting in an estimated market cap loss of ₹26,470 crore.
Investors are now seeking clarity on Bajaj Auto’s plans to address these concerns and maintain its growth trajectory in the coming quarters.
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