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Bajaj Auto soars on reporting marginal rise in June sales

Bajaj Auto is currently trading at Rs. 2871.85, up by 43.70 points or 1.55% from its previous closing of Rs. 2828.15 on the BSE.

The scrip opened at Rs. 2845.80 and has touched a high and low of Rs. 2891.00 and Rs. 2844.25 respectively. So far 8866 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3213.95 on 12-Jul-2018 and a 52 week low of Rs. 2425.00 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2908.95 and Rs. 2716.90 respectively. The current market cap of the company is Rs. 83265.36 crore.

The promoters holding in the company stood at 51.18%, while Institutions and Non-Institutions held 23.02% and 25.80% respectively.

Bajaj Auto has registered a marginal rise of 0.05% in total sales to 404,624 units in June 2019 against 404,429 units in June 2018. The company’s total exports out of the above stood at 175,399 units, registering a marginal gain of 3% as compared to 169,853 units sold in the corresponding month last year.

The sales of the motorcycles increased by 4% and stood at 351,291 units in June 2019 under review against 337,752 units in June 2018. However, the company has reported 20% fall in commercial vehicles sales, which stood at 53,333 units as compared to 66,677 units in month of June 2018.

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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