Bajaj Auto turns volatile after September sales

Bajaj Auto lost 0.06% to Rs 2,347.50 at 11:12 IST on BSE, with the stock declining amid volatility after the company said its total sales rose 9% to 3.99 lakh units in September 2014 over September 2013.

The announcement was made during market hours today, 1 October 2014.

Meanwhile, the S&P BSE Sensex was down 52.63 points or 0.2% at 26,577.88.

On BSE, so far 8,011 shares were traded in the counter as against average daily volume of 38,506 shares in the past one quarter.

The stock was volatile. The stock lost as much as 0.31% at the day's low of Rs 2,341.55 so far during the day. The stock rose as much as 0.89% at the day's high of Rs 2,370 so far during the day. The stock had hit a record high of Rs 2,454.60 on 23 September 2014. The stock had hit a 52-week low of Rs 1,796 on 4 February 2014.

The stock had outperformed the market over the past one month till 30 September 2014, surging 3.95% compared with the Sensex's 0.03% fall. The scrip had, however, underperformed the market in past one quarter, advancing 1.55% as against Sensex's 4.79% rise.

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

Bajaj Auto's motorcycle sales rose 7% to 3.47 lakh units in September 2014 over September 2013. Sales of commercial vehicles rose 19% to 52,440 units in September 2014 over September 2013. Exports rose 19% to 1.74 lakh units in September 2014 over September 2013.

Bajaj Auto's net profit rose 0.3% to Rs 739.98 crore on 6.8% growth in net sales to Rs 5133.37 crore in Q1 June 2014 over Q1 June 2013.

Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.

Powered by Capital Market - Live News