Bajaj Auto trims gains after declaring monthly sales

Bajaj Auto rose 0.55% to Rs 2,920.95 at 10:28 IST on BSE, off the day's high after the company reported minor fall in sales in the month just gone by.

The announcement was made during market hours today, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 16.77 points or 0.06% at 29,937.95

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 21,170 shares in the past one quarter. The stock had hit a high of Rs 2,945.40 and a low of Rs 2,904.95 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,366 on 24 May 2016.

 

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto reported 0.09% fall in total sales to 3.29 lakh units in April 2017 over April 2016. Domestic sales declined 21% to 1.77 lakh units in April 2017 over April 2016. Exports surged 46% to 1.51 lakh units in April 2017 over April 2016.

On a consolidated basis, Bajaj Auto's net profit fell 5.3% to Rs 976.82 crore on 8.6% decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

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

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