Bajaj Auto slips after weak sales in November

Bajaj Auto fell 0.23% to Rs 2,679.10 at 9:28 IST on BSE after the company said its total sales fell 13% to 2.69 lakh units in November 2016 over November 2015.

The announcement was made before trading hours today, 2 December 2016.

Meanwhile, the BSE Sensex was down 166.74 points, or 0.63%, to 26,393.18.

On the BSE, so far 2,755 shares were traded in the counter, compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 2,685 and a low of Rs 2,653.55 so far during the day.

Bajaj Auto's domestic sales fell 10% to 1.54 lakh units in November 2016 over November 2015. Exports declined 16% to 1.15 lakh units in October 2016 over October 2015.

 

Total motorcycle sales fell 12% to 2.37 lakh units in November 2016 over November 2015. Total commercial vehicles sales fell 17% to 32,191 lakh units in November 2016 over November 2015.

On a consolidated basis, Bajaj Auto's net profit rose 7.2% to Rs 1200.72 crore on 0.2% decline in net sales to Rs 5949.32 crore in Q2 September 2016 over Q2 September 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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