Bajaj Auto declines on reporting 22% fall in December sales

Bajaj Auto is currently trading at Rs. 3552.30, down by 63.60 points or 1.76% from its previous closing of Rs. 3615.90 on the BSE.

bajaj auto rises on reporting 21 rise in q2 consolidated net profit
Bajaj Auto

The scrip opened at Rs. 3626.95 and has touched a high and low of Rs. 3626.95 and Rs. 3524.00 respectively. So far 4477 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 4130.15 on 01-Sep-2022 and a 52 week low of Rs. 3125.80 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 3641.65 and Rs. 3524.00 respectively. The current market cap of the company is Rs. 100364.97 crore.

The promoters holding in the company stood at 54.84%, while Institutions and Non-Institutions held 23.16% and 21.99% respectively.

Bajaj Auto has reported fall of 22% in total sales to 2,81,486 units in December 2022 as against 3,62,470 in the same month last year. Total domestic sales increased by 2% to 1,48,555 units in December 2022 as compared to 1,45,979 units in December 2021. Total export sales decreased by 39% to 1,32,931 units in December 2022 as compared to 2,16,491 units in December 2021.

Total domestic two-wheeler sales were down by 23% at 2,47,024 units as compared to 3,18,769 units in the year-ago month. Total domestic Commercial Vehicles sales stood at 34,462 units in December 2022 as against 43,701 units in December 2021, registering a fall of 21%.

Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

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