Bajaj Auto gains after announcing July sales volume data

Bajaj Auto rose 0.94% to Rs 2,761 at 11:21 IST on BSE after total sales fell 0.12% to 3.29 lakh units in July 2016 over July 2015.

The company announced the monthly sales volume data during trading hours.

Meanwhile, the S&P BSE Sensex was up 161.72 points, or 0.58%, to 28,150.60

On BSE, so far 12,760 shares were traded in the counter, compared with an average daily volume of 22,947 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.52% at the day's high of Rs 2,777 so far during the day. The stock fell as much as 0.3% at the day's low of Rs 2,727 so far during the day. The stock hit a record high of Rs 2,801.05 on 21 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had underperformed the market over the past one month till 1 August 2016, rising 2.49% compared with 3.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.09% as against Sensex's 9.36% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto's total motorcycles sales rose 1% to 2.85 lakh units in July 2016 over July 2015. Domestic motorcycles sales rose 21% to 1.74 lakh units in July 2016 over July 2015. Motorcycle exports fell 20% to 1.11 lakh units in July 2016 over July 2015.

Sales of commercial vehicles in the domestic market rose 8% to 23,698 units in July 2016 over July 2015. Exports of commercial vehicles fell 21% to 20,608 units in July 2016 over July 2015.

Total sales of motorcycles and commercial vehicles in the domestic market rose 20% to 1.98 lakh units in July 2016 over July 2015. Combined exports of motorcycles and commercial vehicles fell 20% to 1.31 lakh units in July 2016 over July 2015.

Bajaj Auto's consolidated net profit rose 13.8% to Rs 1039.70 crore on 3.4% increase in total income to Rs 6015.04 crore in Q1 June 2016 over Q1 June 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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