Bajaj Auto rises on eyeing to expand production capacities for new ventures
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Bajaj Auto is currently trading at Rs. 9650.20, up by 50.65 points or 0.53% from its previous closing of Rs. 9599.55 on the BSE.
The scrip opened at Rs. 9580.25 and has touched a high and low of Rs. 9688.30 and Rs. 9535.00 respectively. So far 1886 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10037.30 on 18-Jun-2024 and a 52 week low of Rs. 4544.00 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 10037.30 and Rs. 9535.00 respectively. The current market cap of the company is Rs. 269994.74 crore.
The promoters holding in the company stood at 55.06%, while Institutions and Non-Institutions held 23.06% and 21.88% respectively.
Bajaj Auto is eyeing to expand production capacities for new ventures, as it predicts robust demand in the current fiscal year. Among the key focus areas, Bajaj Auto plans to continue driving growth across all segments while navigating international market challenges.
Expansion in production capacity for Chetak electric scooters, electric three-wheelers, and Triumph motorcycles is also on the horizon. With a healthy balance sheet and surplus cash, the company is well-placed to invest in sustainable future growth and reward shareholders.
Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles.
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