** Bajaj Auto Ltd’s shares fall as much as 5 pct to 2,456.6 rupees, their lowest since May 25, 2016
** Automaker’s Sept qtr profit rose 3.65 pct to 11.52 bln rupees ($157.33 mln) from 11.12 bln rupees a year earlier
** Margins during the qtr were slightly lower than expectations, owing to higher contribution from entry level models, said an analyst with a domestic brokerage covering the stock who asked not to be named due to his firm’s policies.
** More than 1.5 mln shares traded, 2.9 times their 30-day moving avg of 526,413 shares
** 21 of the 51 analysts covering the stock have a “buy” or higher rating, 18 have “hold” while 12 rate it at “sell” or lower; median PT is 2,905 rupees - Refinitiv data
** Stock down 22.41 pct this year as of last close ($1 = 73.2225 Indian rupees)