Bajaj Auto gained 1.32% to Rs 3,454.35 at 9:33 IST on BSE after the company said that total sales jumped 46% to 3.53 lakh units in January 2018 over January 2017.
The announcement was made before market hours today, 2 February 2018.Meanwhile, the S&P BSE Sensex was down 244.94 points, or 0.68% to 35,661.72.
On the BSE, 7,783 shares were traded in the counter so far, compared with average daily volumes of 44,341 shares in the past two weeks. The stock had hit a high of Rs 3,472.60 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 3,413 so far during the day. The stock had hit a 52-week low of Rs 2,695 on 7 July 2017.
Bajaj Auto's domestic sales rose 50% to 2.02 lakh units in January 2018 over January 2017. Exports rose 41% to 1.5 lakh units in January 2018 over January 2017.
The company will announce its Q3 results today, 2 February 2018. Bajaj Auto's consolidated net profit fell 0.6% to Rs 1193.58 crore on 8.8% rise in net sales to Rs 6474.78 crore in Q2 September 2017 over Q2 September 2016.
Bajaj Auto manufactures motorcycles, three-wheelers and quadricycles. The company is the world's third largest motorcycle manufacturer and is the largest three wheeler and quadricycle manufacturer.
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