Similar movements were witnessed on the National Stock Exchange where Bajaj Auto scrip opened at Rs 898 while Bajaj Finserv opened at Rs 600. The scrip of Bajaj Auto was later trading at Rs 653.80 on the BSE and at Rs 661.70 on the NSE. While shares of Bajaj Finserv were trading at Rs 599 on the BSE and Rs 597 on the National Stock Exchange at 1030 hrs.
Over 17.87 lakh shares of Bajaj Auto and 11.79 lakh shares of Bajaj Finserv changed hands on both the bourses.
Last year Bajaj group was demerged into three separate entities -- Bajaj Auto Ltd, Bajaj Finsev and Bajaj Holdings and Investment Ltd.
While Bajaj Holdings and Investment Ltd would administer the two and three wheeler manufacturing business, Bajaj Finserv Ltd would be responsible for the company's financial services business including insurance and auto finance.
Further, for 2007-08, Bajaj Auto board has declared a dividend of 200 per cent at the rate of Rs 20 on shares with face value of Rs 10, while Bajaj Finserv has declared a dividend of 20 per cent on shares of face value Rs 5.
