Bajaj Auto shares dropped 7.12% to ₹10,789.95 at the opening of trading on Thursday, following the release of its Q2 financial results. The stock opened at ₹11,222.20, reached a high of ₹11,287.35, and hit a low of ₹10,636.75 during early trading. The stock’s previous close was ₹11,616.95.
In its Q2 FY25 results, Bajaj Auto reported revenue from operations of Rs 13,127 crore, marking a 22% increase compared to Rs 10,777 crore in the same quarter last year. However, the company’s performance fell short of ET Now poll estimates, which projected Rs 13,305 crore in revenue and Rs 2,198 crore in profit after tax (PAT).
The sharp decline in stock price is primarily attributed to cautious management commentary, which added to concerns among investors despite the company’s strong year-on-year revenue growth.
Disclaimer: This article is for informational purposes only and does not provide investment advice. Investors should consult with a financial advisor before making any investment decisions. Neither the publication nor the author holds any responsibility for investment outcomes based on the information provided.
