Bajaj Auto rose 1.73% to Rs 2,299.05 at 9:54 IST on BSE after total sales rose 12% to 2.72 lakh units in February 2016 over February 2015.
The company announced the sales volume data before market hours today, 2 March 2016.Meanwhile, the BSE Sensex was up 348.01 points, or 1.46%, to 24,127.36.
On BSE, so far 6,575 shares were traded in the counter, compared with an average volume of 21,474 shares in the past one quarter. The stock hit a high of Rs 2,302 and a low of Rs 2,262 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 1 March 2016, falling 2.93% compared with 4.21% decline in the Sensex. The scrip had also outperformed the market in past one quarter, sliding 8.17% as against Sensex's 9.13% fall.
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 9% to 2.35 lakh units in February 2016 over February 2015. Sales of commercial vehicles jumped 37% to 37,437 units in February 2016 over February 2015. Exports fell 12% to 98,959 units in February 2016 over February 2015.
Bajaj Auto's net profit rose 4.64% to Rs 901 crore on 0.23% growth in turnover to Rs 5765 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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