 "Bajaj Auto inches up in a weak market")
Shares of Bajaj Auto have advanced 0.5% to Rs 2,461.70 on the Bombay Stock Exchange (BSE) in an otherwise weak market as slew of recent launches have accelerated the demand for motorcycles.
The second largest motorbike manufacturer has launched three new models under the Pulsar brand (RS 200, AS 200 and AS 150), three models under the Avenger brand (Cruise 220, Street 220 and Street 150). As a result, Bajaj Auto is considering expansion plans at its Chakan plant near Pune, which is one of the three plants the company owns in the country, to facilitate the increasing demand.
The stock opened at Rs 2,451 and touched an intraday high of Rs 2,469.50. At 10:40 AM, a combined total of 71,620 shares changed hands on the counter of NSE and BSE.
The second largest motorbike manufacturer has launched three new models under the Pulsar brand (RS 200, AS 200 and AS 150), three models under the Avenger brand (Cruise 220, Street 220 and Street 150). As a result, Bajaj Auto is considering expansion plans at its Chakan plant near Pune, which is one of the three plants the company owns in the country, to facilitate the increasing demand.
The stock opened at Rs 2,451 and touched an intraday high of Rs 2,469.50. At 10:40 AM, a combined total of 71,620 shares changed hands on the counter of NSE and BSE.