Bajaj Auto slips on weak September sales

Bajaj Auto fell 1.07% to Rs 2910.45 after total auto sales fell 20% to 4.02 lakh units in September 2019 over September 2018.

Total domestic sales fell 31% to 2.15 lakh units in September 2019 as against 3.11 lakh units in September 2018.

Total exports fell 2% to 1.86 lakh units in September 2019 as against 1.90 lakh units in September 2018. The announcement was made during market hours today, 1 October 2019.

The company's total auto sales rose by 3.07% to 4.02 lakh units in September 2019 as against 3.90 lakh units in August 2019.

Meanwhile, the S&P BSE Sensex was up 11 points or 0.03% to 38678.06.

 

On the BSE, 11,000 shares were traded in the counter so far compared with average daily volumes of 32,000 shares in the past one quarter. The stock hit a high of Rs 2976.05 and a low of Rs 2907.45 so far during the day.

The stock hit a 52-week high of Rs 3145.55 on 17 May 2019. The stock hit a 52-week low of Rs 2400 on 29 Jul 2019.

On a consolidated basis, Bajaj Auto's net profit declined 2.8% to Rs 1012.17 crore on a 4.1% increase in net sales to Rs 7565.01 crore in Q1 June 2019 over Q1 June 2018.

Bajaj Auto is a global two-wheeler company and three-wheeler manufacturing company. It manufactures motorcycles, scooters and auto rickshaws.

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