Bajaj up on hopes of demand revival

DALAL STREET SPIKES

Bajaj Auto (Bajaj) rose 5.2 per cent to end the day at Rs 347.1, on anticipation that the company's decision to pass on the benefit of excise reduction to its customers would help in reviving demand for Bajaj's vehicles to an extent.

Bajaj has announced a price cut ranging up to Rs 2,100 and Rs 4,400 (ex-showroom) on its range of 2-wheelers and 3-wheelers respectively. The stock made an intraday high of Rs 351 and a low of Rs 325. The counter witnessed trading volumes of 1,98, 778 shares, close to twice its two-week average.