The stock extended gains and touched a high of 1,517 - up 2%. The stock finally ended with a gain of 1% at Rs 1,506. Over 26,830 shares were traded on the BSE today.
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(Updated at 1102 hrs)
Bajaj Auto has advanced in trades today on plans of product launch.
The stock opened at Rs 1,491 and touched a low of Rs 1,477. The stock rebounded over 2% from there to touch a high of Rs 1,513. It is now trading with a gain of 1.3% at Rs 1,510. Around 4,713 shares have been traded on the BSE so far.
The company has decided to launch premium, entry-level bikes after competetion hit a high gear. Last year the two wheeler sales of the company had fallen the most in the industry and this is a measure to rebound from that.