Bajaj Auto in top gear after strong monthly sales

Bajaj Auto rose 1.38% to Rs 2,850 at 14:51 IST on BSE after the company reported a 65% growth in its total vehicles sales at 4.04 lakh units in June 2018 over June 2017.

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

Meanwhile, the S&P BSE Sensex was down 160.16 points, or 0.45% to 35,263.32.

On the BSE, 54,000 shares were traded in the counter so far compared with average daily volumes of 50,000 shares in the past two weeks. The stock had hit a high of Rs 2,910 and a low of Rs 2,811 so far during the day. The stock hit a record high of Rs 3,472.60 on 2 February 2018. The stock hit a 52-week low of Rs 2,695 on 7 July 2017.

 

Bajaj Auto's total domestic sales rose 85% to 2.34 lakh units, while total exports rose 44% to 1.69 lakh units in June 2018 over June 2017.

On a consolidated basis, Bajaj Auto's net profit rose 36.33% to Rs 1175.47 crore on 38.41% increase in net sales to Rs 6650.81 crore in Q4 March 2018 over Q4 March 2017.

Bajaj Auto manufactures motorcycles and three-wheelers.

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