Shares of Bajaj Auto Ltd on Thursday fell by over 4 per cent after the company reported disappointing results for the fourth quarter ended March 31.
Bajaj Auto’s stock ended at Rs 1,953.20, down 4.28 per cent on the BSE. During the day, the stock lost 4.57 per cent to Rs 1,947.20.
The blue-chip scrip was the worst performer among the 30-Sensex companies.
At the NSE, the auto major’s stock declined by 4.30 per cent to settle at Rs 1,954.
“For Q4 FY14 Bajaj Auto reported net profit at Rs 764 crore that was sharply lower than our expectation largely due to operating margin pressure and lower-than-expected other income,” said Yaresh Kothari, Research Analyst-Automobile, Angel Broking.