Bajaj Auto surges on reporting 24% rise in February sales
Bajaj Auto is currently trading at Rs. 8055.00, up by 144.20 points or 1.82% from its previous closing of Rs. 7910.80 on the BSE.
The scrip opened at Rs. 7959.00 and has touched a high and low of Rs. 8090.00 and Rs. 7959.00 respectively. So far 1976 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8650.00 on 19-Feb-2024 and a 52 week low of Rs. 3,680.60 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 8542.00 and Rs. 7892.00 respectively. The current market cap of the company is Rs. 224017.84 crore.
The promoters holding in the company stood at 54.94%, while Institutions and Non-Institutions held 23.38% and 21.68% respectively.
Bajaj Auto has reported rise of 24% in total sales to 3,46,662 units in February 2024 as against 2,80,226 in the same month last year. Total domestic (2-WH + CV) sales increased by 35% to 2,06,894 units in February 2024 as compared to 1,53,291 units in February 2023. Total exports (2?WH + CV) increased by 10% to 1,39,768 units in February 2024 as compared to 1,26,935 units in February 2023.
Total domestic two-wheeler sales were up by 42% at 1,70,527 units in February 2024 as compared to 1,20,335 units in the year-ago month. Total domestic Commercial Vehicles sales stood at 36,367 units in February 2024 as against 32,956 units in February 2023, registering a rise of 10%.
Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles.
