Bajaj Auto hits new high post September sales

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} hits a new high of Rs 3,208, up 3% on BSE after the company reported a highest ever total of 428,752 units in September against 376,765 units sold in the same month last year. The company recorded growth of 14% in September, its highest monthly growth rate since March 2016.

Bajaj Auto’s commercial vehicles were up 32% at 59,074 units as against 44,789 in the corresponding month last year. Motorcycle were at 369,678 units as against 331,976 in the year-ago month, up 11%, the company said in a statement.

Overall exports in September grew 21% at 146,973 units as against 121,173 in the same month last year, it added.

Since its recent low of Rs 2,732 on August 29, 2017, the stock outperformed the market by surging 17% against a marginal 0.36% rise in the S&P BSE Sensex. Thus far in the calendar year 2017, it rallied 22% against 18% rise in the benchmark index.

Leave a Comment

Your email address will not be published. Required fields are marked *