Bajaj Auto slips in volatile trade after declaring poor sales in April

Bajaj Auto fell 0.59% to Rs 2,469.95 at 11:15 IST on BSE after total sales declined 2% to 3.30 lakh units in April 2016 over April 2015.

The company announced the monthly sales volume data during market hours today, 2 May 2016.

Meanwhile, the BSE Sensex was down 153.40 points, or 0.6%, to 25,453.22

On BSE, so far 6,046 shares were traded in the counter, compared with an average volume of 23,703 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.42% at the day's high of Rs 2,520 so far during the day. The stock fell as much as 1.39% at the day's low of Rs 2,450 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. 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 29 April 2016, gaining 5.85% compared with Sensex's 2.84% gains. The scrip also outperformed the market in past one quarter, rising 6.09% as against Sensex's 2.96% gains.

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

Bajaj Auto's motorcycles sales rose 2% to 2.91 lakh units in April 2016 over April 2015. Sales of commercial vehicles dropped 24% to 38,211 units in April 2016 over April 2015. Exports declined 36% to 1.03 lakh units in April 2016 over April 2015.

Bajaj Auto announces its Q4 March 2016 results on 25 May 2016. The company's net profit rose 4.7% to Rs 901.49 crore on 1% fall in net sales to Rs 5463.20 crore in Q3 December 2015 over Q3 December 2014.

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

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