 "Bajaj Auto skids on weak February sales")
Bajaj Auto has dipped nearly 5% at Rs 2,062, its lowest level since August 2014 on BSE, after reporting a 22% year on year (yoy) decline in total sales in February at 243,319 units as against 313,294 units posted in the same month last year.
Motorcycles sales were down by 21% at 216,077 units in February this year as compared to 273,323 units in the same month last year, Bajaj Auto said in a statement.
The commercial vehicles sales, too declined 32% at 27,242 units in February 2015 as against 39,971 units in February 2014, it added.
The stock opened at Rs 2,161 and touched a high of Rs 2,204 on BSE before the announcement of February sales numbers. Till 1133 hours, a combined 391,819 shares changed hands on the counter on BSE and NSE.
Motorcycles sales were down by 21% at 216,077 units in February this year as compared to 273,323 units in the same month last year, Bajaj Auto said in a statement.
The commercial vehicles sales, too declined 32% at 27,242 units in February 2015 as against 39,971 units in February 2014, it added.
The stock opened at Rs 2,161 and touched a high of Rs 2,204 on BSE before the announcement of February sales numbers. Till 1133 hours, a combined 391,819 shares changed hands on the counter on BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%