 "Bajaj Auto rallies 5% post April sales")
Bajaj Auto has moved higher by 5% to Rs 2,047 on the NSE as the company reported posting positive vehicle sales growth in April after a gap of four months.
The company reported 1% increase in total sales in April 2015 at 336,274 units on back of strong growth recorded in the commercial vehicles segment. It had sold total 331,529 units in the same month last year.
Motorcycle sales during the month declined 5% at 285,791 units as against 299,636 units in April last year. Commercial vehicles sales jumped 58% at 50,483 units in April as compared to 31,893 units in the year-ago month, Bajaj Auto said in a statement.
Since December 2014, the company had reported negative growth in vehicle sales.
The stock opened at Rs 1,959 and hit a high of Rs 2,060 on the NSE. The trading volumes on the counter more than doubled with a combined 365,630 shares changed hands on the NSE and BSE till 1245 hours.
The company reported 1% increase in total sales in April 2015 at 336,274 units on back of strong growth recorded in the commercial vehicles segment. It had sold total 331,529 units in the same month last year.
Motorcycle sales during the month declined 5% at 285,791 units as against 299,636 units in April last year. Commercial vehicles sales jumped 58% at 50,483 units in April as compared to 31,893 units in the year-ago month, Bajaj Auto said in a statement.
Since December 2014, the company had reported negative growth in vehicle sales.
The stock opened at Rs 1,959 and hit a high of Rs 2,060 on the NSE. The trading volumes on the counter more than doubled with a combined 365,630 shares changed hands on the NSE and BSE till 1245 hours.
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