Bajaj Auto rose 1.87% to Rs 2,861 at 9:41 IST on BSE after total sales rose 3% to 3.35 lakh units in August 2017 over August 2016.
The announcement was made before market hours today, 1 September 2017.Meanwhile, the S&P BSE Sensex was up 63.35 points, or 0.20% to 31,793.84.
On the BSE, 7,617 shares were traded in the counter so far, compared with average daily volumes of 24,827 shares in the past one quarter. The stock had hit a high of Rs 2,878 and a low of Rs 2,830 so far during the day. The stock hit a record high of Rs 3,122 on 9 September 2016. The stock hit a 52-week low of Rs 2,510 on 15 November 2016.
The stock had outperformed the market over the past one month till 31 August 2017, rising 0.23% compared with 2.30% decline in the Sensex. The scrip had underperformed the market in past one quarter, falling 1.32% as against Sensex's 1.46% rise. The scrip had also underperformed the market in past one year, falling 6.28% as against Sensex's 11.63% rise.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto said total domestic sales were flat at 2 lakh units in August 2017 over August 2016. Exports rose 7% to 1.34 lakh units in August 2017 over August 2016.
Total motorcycle sales rose 1% to 2.83 lakh units in August 2017 over August 2016. Total commercial vehicles sales rose 13% to 51,170 units in August 2017 over August 2016.
On a consolidated basis, Bajaj Auto's net profit declined 19.52% to Rs 836.74 crore on 5.58% decline in net sales to Rs 5328.48 crore in Q1 June 2017 over Q1 June 2016.
Bajaj Auto manufactures motorcycles, three-wheelers and quadricycles. The company is the world's third largest motorcycle manufacturer and is the largest three wheeler and quadricycle manufacturer.
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