Bajaj Auto hits record high after good sales in December

The announcement was made during trading hours today, 2 January 2013.

Meanwhile, the BSE Sensex was up 126.32 points, or 0.65%, to 19,707.13.

On BSE, 12,000 shares were traded in the counter as against an average daily volume of 34,420 shares in the past one quarter.

The stock hit a high of Rs 2,177 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 2,137.65 so far during the day. The stock had hit a 52-week low of Rs 1,410 on 16 January 2012.

The stock had outperformed the market over the past one month till 1 January 2013, rising 10.69% compared with the Sensex's 1.25% rise. The scrip had also outperformed the market in past one quarter, rising 17.92% as against Sensex's 4.02% rise.

India's second largest two-wheeler maker by sales has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto said its total motorcycle sales rose 13% to 2.98 lakh units in December 2012 over December 2011. Commercial vehicle sales rose 9% to 45,596 units during the period under review.

Total exports rose 5% to 1.26 lakh units in December 2012 over December 2011. Total export figure was highest ever in any December.

The company said the total sales figure in December 2012 was highest ever in any December. Total sale figures of motorcycles and commercial vehicles reported in December 2012 were also highest ever in any December.

Bajaj Auto's net profit rose 2% to Rs 740.67 crore on 3.5% decline in net sales to Rs 4817.07 crore in Q2 September 2012 over Q2 September 2011.

Bajaj Auto is India's second largest motorcycle maker by sales after Hero MotoCorp.

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