Bajaj Auto advanced 3.11% to Rs 9,365 after the company reported a marginal increase in total auto sales to 3,55,323 units in May 2024 as against 3,55,148 units in May 2023.
While the companys domestic sales declined 1% to 2,25,087 units, exports rose by 3% to 1,30,236 units in May 2024 over May 2023.Sales of two-wheelers and commercial vehicles stood at 3,05,482 units (down 1% YoY) and 49,841 units (up 5% YoY), respectively.
Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.
The auto maker's standalone net profit climbed 35.11% to Rs 1,936 crore on 28.97% increase in revenue from operations to Rs 11,484.68 crore in Q4 FY24 over Q4 FY23.
The scrip hit an all time high of Rs 9,440 in todays intraday session.
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