Bajaj Auto gained 1.99% to Rs 2,573.80 at 11:00 IST on BSE after the company said that its total sales rose 8% to 3.31 lakh units in June 2015 over June 2014.
The company made announcement during market hours today, 2 July 2015.
Meanwhile, the BSE Sensex was up 30.73 points, or 0.11%, to 28,050.53.
On BSE, so far 27,919 shares were traded in the counter, compared with an average volume of 39,455 shares in the past one quarter.
The stock hit a high of Rs 2,585 and low of Rs 2,529.35 so far during the day. The stock hit a record high of Rs 2,690 on 24 November 2014. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015.
The stock had outperformed the market over the past one month till 1 July 2015, rising 8.02% compared with 0.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 25.01% as against Sensex's 0.85% decline.
The large-cap two-wheeler manufacturer has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto said that motorcycles sales rose 10% to 2.87 lakh units in June 2015 over June 2014. Commercial vehicle sales rose 1% to 43,735 units in June 2015 over June 2014. Exports rose 16% to 1.56 lakh units in June 2015 over June 2014.
Bajaj Auto's net profit fell 18.6% to Rs 621.62 crore on 4.4% decline in total income to Rs 4893.61 crore in Q4 March 2015 over Q4 March 2014.
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