Bajaj Auto hits 52-week high on signing pact to set up factory in Chakan

The facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles, starting with Chetak

Shares of Bajaj Auto rose 3 per cent to hit a 52-week high of Rs 3,422 on the BSE on Thursday, up 6 per cent in three days, after the company announced an investment of Rs 650 crore to set up a new plant in Maharashtra. 
 

The stock of the two-three wheeler company was trading higher for the third straight day. It surpassed its previous high of Rs 3,384, touched on December 8, 2020. The stock had hit a record high of Rs 3,473, on February 2018.

Bajaj Auto, on Tuesday, signed a Memorandum of Understanding (MoU) with the Government