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Bajaj Auto slips 5% on poor Q3 results

The stock hit a new high of Rs 3,473, up 2% on BSE in intra-day trade, after the company reported 46% jump in total sales at 353,147 units in January.

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SI Reporter Mumbai
Bajaj Auto pared gains afetr hitting a new high of Rs 3,473, up 2% on BSE, after the company reported poor Q3 numbers.

The company reported healthy sales growth for January, with total sales jumping 46% at 353,147 units over the previous year. It had sold total 241,917 units in the same month last year.

The company’s overall motorcycles sales jump 36% year on year (YoY) at 288,936 units. Three-wheelers saw the highest ever sales in a single month with the company sold 64,211 units, up 113% on YoY basis.

Bajaj Auto had reported 30% YoY jump