Published on 1/06/2021 10:19:26 AM | Source: Accord Fintech

Bajaj Auto shines on reporting over 2-fold jump in May sales

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Bajaj Auto is currently trading at Rs. 4306.00, up by 116.50 points or 2.78% from its previous closing of Rs. 4189.50 on the BSE.

The scrip opened at Rs. 4229.00 and has touched a high and low of Rs. 4328.00 and Rs. 4227.75 respectively. So far 11496 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4361.20 on 04-Feb-2021 and a 52 week low of Rs. 2580.15 on 12-Jun-2020.

Last one week high and low of the scrip stood at Rs. 4328.00 and Rs. 4142.35 respectively. The current market cap of the company is Rs. 121230.31 crore.

The promoters holding in the company stood at 53.70%, while Institutions and Non-Institutions held 24.28% and 22.02% respectively.

Bajaj Auto has reported over 2- fold jump in total sales to 271,862 units in May 2021 as against 127,128 in the same month last year. Total domestic sales stood at 60,830 units in May 2021. 

Total two-wheeler sales reported above 2- fold jump at 240,554 units as compared to 112,798 units in the year-ago month. Commercial Vehicles sales stood at 31,308 units in May 2021 over 14,330 units in May 2020. Meanwhile, exports of the company reported above 2-fold jump at 211,032 units in the reporting month compared to 87,054 in the same month last year.    

Bajaj Auto 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.