Bajaj Auto shares fell on Thursday after the company reported flat earnings with a rise of 0.31% in net profit to Rs 7.4 billion for the quarter ended Jun. 30, 2014 as compared to Rs 7.38 billion in the same period last year. Market was expecting profit to come at Rs 8.21 billion.

During the quarter net sales of the company increased by 6.75% on year-on-year basis to Rs 51.33 billion. Total income has an increased 6.95% to Rs 52.52 billion, when compared with the same period last year.

Shares of the company are trading at Rs 2,092.20, down Rs 48.05, or 2.25% at the Bombay Stock Exchange (BSE) on Thursday at 12:16 p.m.

The scrip has touched an intra-day high of Rs 2,155.55 and low of Rs 2,084.10. The total volume of shares traded at the BSE is 49,796.