Bajaj Auto in top gear after good monthly sales

Bajaj Auto advanced 3.39% to Rs 2,684 at 10:19 IST on BSE after the company reported 32% growth in its total vehicles sales to 5.06 lakh units in October 2018 over October 2017.

The announcement was made during market hours today, 2 November 2018.

Meanwhile, the S&P BSE Sensex was up 530.50 points, or 1.54% to 34,962.47

On the BSE, 31,000 shares were traded in the counter so far compared with average daily volumes of 40,000 shares in the past two weeks. The stock had hit a high of Rs 2,702.65 and a low of Rs 2,615 so far during the day.

 

Bajaj Auto's total domestic sales rose 29% to 3.19 lakh units, while total exports rose 38% to 1.86 lakh units in October 2018 over October 2017.

On a consolidated basis, Bajaj Auto reported 5.28% rise in net profit to Rs 1256.57 crore on 21.76% increase in total income to Rs 8473.16 crore in Q2 September 2018 over Q2 September 2017.

Bajaj Auto is a global two-wheeler and three-wheeler Indian manufacturing company.

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