Bajaj Auto's net profit declines 5.5%; shares surge on better than expected results
While the company saw a decline in its net revenues for the year, these were however higher than the market expectations. Demonetisation had an impact on its results.
Bajaj Auto Ltd MD Rajiv Bajaj and Motorcycle Business President Eric Vas during the launch of Dominar 400 in New Delhi on Dec 15, 2016. Photo: IANS