Bajaj Auto slips after weak sales in June

Bajaj Auto fell 0.41% to Rs 2,658 at 9:59 IST on BSE after the company reported 4% decline in total sales to 3.16 lakh units in June 2016 over June 2015.

The company announced the monthly sales volume data during trading hours today, 4 July 2016.

Meanwhile, the BSE Sensex was up 175.81 points, or 0.65%, to 27,320.72.

On BSE, so far 7,481 shares were traded in the counter, compared with an average daily volume of 22,123 shares in the past one quarter. The stock hit a high of Rs 2,689.10 and a low of Rs 2,644 so far during the day. The stock hit a record high of Rs 2,719 on 1 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had outperformed the market over the past 30 days till 1 July 2016, rising 2.85% compared with 1.12% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 10.42% as against Sensex's 7.42% rise.

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

Bajaj Auto's total motorcycles sales fell 5% to 2.73 lakh units in June 2016 over June 2015. Domestic motorcycles sales rose 9% to 1.68 lakh units in June 2016 over June 2015. Motorcycles exports fell 21% to 1.04 lakh units in June 2016 over June 2015.

Sales of commercial vehicles in the domestic market rose 22% to 25,092 units in June 2016 over June 2015. Exports of commercial vehicles fell 20% to 18,579 lakh units in June 2016 over June 2015.

Total sales of motorcycles and commercial vehicles in the domestic market rose 11% to 1.93 lakh units in June 2016 over June 2015. Combined exports of motorcycles and commercial vehicles fell 21% to 1.23 lakh units in June 2016 over June 2015.

Bajaj Auto's net profit rose 29.2% to Rs 803.06 crore on 14.7% rise in net sales to Rs 5303.89 crore in Q4 March 2016 over Q4 March 2015.

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

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