Bajaj Auto Q1 net profit at Rs 711 cr;stock down

MUMBAI: Bajaj Auto reported standalone net profit of Rs 711.06 crore for the quarter ended June 2011 against Rs 590.15 crore in the same quarter a year ago. Net sales were at Rs 4586.91 crore for June 2011 quarter against Rs 3737.29 crore in the corresponding quarter a year ago.

The stock was at Rs 1411.70, down 2.76 per cent on the NSE. It touched a high of Rs 1463.20 and low of Rs 1406.30 in trade so far.