Bajaj Auto falls despite reporting 52% rise in March sales
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Bajaj Auto is currently trading at Rs. 3588.75, down by 158.35 points or 4.23% from its previous closing of Rs. 3747.10 on the BSE.
The scrip opened at Rs. 3723.95 and has touched a high and low of Rs. 3735.00 and Rs. 3577.65 respectively. So far 15413 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. 1959.00 on 03-Apr-2020.
Last one week high and low of the scrip stood at Rs. 3763.80 and Rs. 3577.65 respectively. The current market cap of the company is Rs. 104078.08 crore.
The promoters holding in the company stood at 53.70%, while Institutions and Non-Institutions held 22.19% and 24.11% respectively.
Bajaj Auto has reported 52 percent rise in total sales to 3,69,448 units in March 2021 as against 2,42,575 in the same month last year. Total domestic sales increased by 70 percent to 1,98,551 units in March as compared to 1,16,541 units in March 2020.
Total two-wheeler sales were up 56 percent at 3,30,133 units as compared to 2,10,976 units in the year-ago month. However, Commercial Vehicles sales stood at 39,315 units in March 2021 over 31,599 units in March 2020, registering a rise of 24 percent. Meanwhile, exports of the company increased by 36 percent to 1,70,897 units in the reporting month compared to 1,26,034 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.
