The stock touched a high of Rs 739 and finally closed up 7.4% at Rs 738. The counter witnessed comparatively heavy trading volumes of 331,103 shares as against the two-week daily traded average of 52,099 shares.
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(Updated at 1155 hrs)
Bajaj Auto has surged over 5% to Rs 723 on plans of a new 250cc bike.
The stock opened up Rs 4 at Rs 691 and slipped to a low of Rs 685. The counter has seen relatively heavy trades of around 268,115 shares as compared to its two-week daily traded average of 52,099 shares.
The auto company in co-operation with Kawasaki will be launching, perhaps, the 250cc Ninja model by the end of this year.
Further, the company has planned to increase production in it's Pantnagar plant. The company is planning to launch new variants of its popular motorbike 'Discover' at a time when the auto sector in the country is growing afresh.