Peso pain! Bajaj Auto slips on export woes

The new Argentina government devalued currency in order to revive sluggish growth.

Shares of Bajaj Auto were down by 1% at Rs. 2491 on reports that its exports may get hurt after the new Argentina government devalued currency in order to revive sluggish growth.

The scrip opened at Rs. 2483.1 and has touched a high and low of Rs. 2502.85 and Rs. 2470.25 respectively. So far 193588(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 73042.78 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2655 on 23-Jul-2015 and a 52 week low of Rs. 1913.8 on 30-Apr-2015. Last one week high and low of the scrip stood at Rs. 2534 and Rs. 2375.05 respectively.

The promoters holding in the company stood at 49.29 % while Institutions and Non-Institutions held 25.89 % and 24.81 % respectively.

The stock is currently trading below its 50 DMA.