Bajaj Auto, India's second-largest two-wheeler maker, reported excellent quarterly figures today and caused its stock price to soar.
The auto-maker said that its net profit had risen by as much as two-thirds.
The markets factored that immediately ands the stock jumped to its 52-week high at Rs 1,212.15, a jump of 11 per cent.
The stock fell thereafter to close at Rs 1,150.05 -- its previous closing was at Rs 1,094.
The company has reported a net income of Rs 2.93 billion, which was Rs 1.75 billion a year ago.