Bajaj Auto gains after declaring January sales

Bajaj Auto rose 1.18% to Rs 2,355.55 at 09:45 IST on BSE after total sales rose 2% to 2.93 lakh units in January 2016 over January 2015.

The company announced the sales volume data before market hours today, 2 February 2016.

Meanwhile, the BSE Sensex was up 33.96 points, or 0.14%, to 24,858.79

On BSE, so far 8,321 shares were traded in the counter, compared with an average volume of 18,885 shares in the past one quarter. The stock hit a high of Rs 2,358 and a low of Rs 2,300 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015. The stock had underperformed the market over the past one month till 1 February 2016, sliding 7.62% compared with 5.11% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.69% as against Sensex's 6.87% fall.

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

Bajaj Auto's motorcycles sales rose 2% to 2.52 lakh units in January 2016 over January 2015. Sales of commercial vehicles declined 2% to 40,951 units in January 2016 over January 2015. Exports dropped 8% to 1.32 lakh units in January 2016 over January 2015.

Bajaj Auto's net profit rose 57.9% to Rs 933.06 crore on 2.6% growth in net sales to Rs 5980.63 crore in Q2 September 2015 over Q2 September 2014.

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

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