Bajaj Auto rose 0.13% to Rs 2,469.55 at 09:54 IST on BSE in volatile trade after the company secured a repeat order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government.
The announcement was made after market hours on Friday, 19 December 2014.
Meanwhile, the S&P BSE Sensex was up 61.03 points or 0.22% at 27,432.87
On BSE, so far 3,715 shares were traded in the counter as against average daily volume of 48,000 shares in the past two weeks.
The stock was volatile. The stock hit a high of Rs 2,561.55 and a low of Rs 2,463 so far during the day. The stock had hit a record high of Rs 2,690 on 24 November 2014. The stock had hit a 52-week low of Rs 1,796 on 4 February 2014.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto said that the company through its distributor David Pieris Motor Company in Sri Lanka had secured, after a detailed evaluation process by the Government of Sri Lanka, an order from them for supply of approx. 50,000 units of Discover-125M motorcycles. The company has already supplied 48,000 units successfully against this order. The company has now secured a repeat order from them through the company's Distributor in Sri Lanka for the supply of 1.25 lakh units of Discover-125M, which the company expects to execute in next 3-4 months, Bajaj Auto said.
Bajaj Auto's net profit declined 29.4% to Rs 590.90 crore on 15.1% growth in net sales to Rs 5826.85 crore in Q2 September 2014 over Q2 September 2013.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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