Don’t miss the latest developments in business and finance.

Bajaj Auto drops after announcing fall in August sales volume data

Image
Capital Market
Last Updated : Sep 02 2016 | 11:13 AM IST

Bajaj Auto fell 1.72% to Rs 2,945 at 10:25 IST on BSE after the company reported 5% decline in total sales to 3.25 lakh units in August 2016 over August 2015.

The announcement was made during market hours today, 2 September 2016.

Meanwhile, the S&P BSE Sensex was up 52.86 points, or 0.19%, to 28,476.34

On BSE, so far 13,000 shares were traded in the counter, compared with an average daily volume of 22,019 shares in the past one quarter. The stock hit a high of Rs 3,010.45 and a low of Rs 2,922.70 so far during the day. The stock hit a record high of Rs 3,038 on 31 August 2016. The stock hit a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 10.32% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.72% as against Sensex's 5.89% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto's total motorcycles sales fell 4% to 2.79 lakh units in August 2016 over August 2015. Domestic motorcycles sales rose 27% to 1.74 lakh units in August 2016 over August 2015. Motorcycle exports fell 31% to 1.05 lakh units in August 2016 over August 2015.

Bajaj Auto's total commercial vehicle sales fell 12% to 45,436 units in August 2016 over August 2015. Sales of commercial vehicles in the domestic market rose 14% to 25,595 units in August 2016 over August 2015. Exports of commercial vehicles fell 32% to 19,841 units in August 2016 over August 2015.

Total sales of motorcycles and commercial vehicles in the domestic market rose 25% to 2 lakh units in August 2016 over August 2015. Combined exports of motorcycles and commercial vehicles fell 31% to 1.25 lakh units in August 2016 over August 2015.

Also Read

Bajaj Auto's consolidated net profit rose 13.77% to Rs 1039.70 crore on 3.42% increase in total income to Rs 6015.04 crore in Q1 June 2016 over Q1 June 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 02 2016 | 10:39 AM IST

Next Story