Bajaj Auto scales record high

Meanwhile, the BSE Sensex was up 49.85 points or 0.25% at 19,764.09.

On BSE, 22,000 shares were traded in the counter as against average daily volume of 34,582 shares in the past one quarter.

The stock hit a high of Rs 2,228.95 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 2,204.55 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 2 January 2013, surging 14.09% compared with the Sensex's 1.94% rise. The scrip had also outperformed the market in past one quarter, jumping 21.54% as against Sensex's 4.73% gain.

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

Shares of Bajaj Auto have risen 3.83% in two trading sessions from Rs 2,136.95 on 1 January 2013, after the company during trading hours on Wednesday, 2 January 2013, reported good December 2012 sales. The stock had risen 3.07% to settle at Rs 2,202.60 on Wednesday, 2 January 2013.

Bajaj Auto's total sales rose 13% to 3.43 lakh shares in December 2012 over December 2011. Motorcycle sales rose 13% to 2.98 lakh units in December 2012 over December 2011. Three-wheeler sales rose 9% to 45,596 units in December 2012 over December 2011. Bajaj Auto's exports rose 5% to 1.26 lakh units in December 2012 over December 2011.

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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