Bajaj Auto was up 1.67% to Rs 2,879.35 at 12:00 IST on BSE after the company said its total sales declined 2% to 3.76 lakh units in September 2016 over September 2015.
The company announced the monthly sales volume data during market hours today, 3 October 2016.Meanwhile, the S&P BSE Sensex was up 272.53 points or 0.98% at 28,138.49.
On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 22,872 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.6% at the day's high of Rs 2,905.80 so far during the day. The stock lost as much as 0.11% at the day's low of Rs 2,829 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016. The stock had hit a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had underperformed the market over the past one month till 30 September 2016, sliding 5.03% compared with 1.68% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 5.43% as against Sensex's 3.21% rise.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's domestic sales rose 21% to 2.55 lakh units in September 2016 over September 2015. Exports declined 30% to 1.21 lakh units in September 2016 over September 2015.
Bajaj Auto's consolidated net profit rose 13.8% to Rs 1039.70 crore on 2.8% increase in net sales to Rs 5643.61 crore in Q1 June 2016 over Q1 June 2015.
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Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.
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