update

Bajaj Auto soars on reporting 13% rise in July sales.

       Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

       Bajaj Auto, the second-largest motorcycle manufacturer has registered a 13% rise in total sales to 3,19,292 units in July 2014 against 2,81,327 units in July 2013. The sales of the motorcycles increased by 9% and stood at 2,67,841 units in the month under review against 2,46,828 units in July 2013. The company has reported 49% rise in Commercial Vehicles sales which stood at 51,451 units as compared to 34,499 units in month of July 2013.

       Meanwhile, the company’s total exports out of the above stood at 1,69,755 units, an increase of 54% as compared to 1,10,023 units sold in the corresponding month last year.

       The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 25.67% and 24.29% respectively.

       The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2363.90 on 02-Jul-2014 and a 52 week low of Rs. 1683.35 on 28-Aug-2013.

       

Last one week high and low of the scrip stood at Rs. 2110.00 and Rs. 2048.00 respectively. The current market cap of the company is Rs. 60810.48 crore.

        

The scrip opened at Rs. 2068.00 and has touched a high and low of Rs. 2108.00 and Rs. 2044.00 respectively. So far 22790 shares were traded on the counter.

       Bajaj Auto is currently trading at Rs. 2083.90, up by 26.15 points or 1.27% from its previous closing of Rs. 2057.75 on the BSE.