Bajaj Auto shares gain over 3% as Q2 profit rises

Shares of Bajaj Auto today rose by over 3 per cent after the company reported 7.2 per cent increase in consolidated net profit for the second quarter ended September 30.
The scrip gained 2.54 per cent to settle at Rs 2,834.65 on BSE. During the day, it rose by 3.42 per cent to Rs 2,858.95.
At NSE, shares of the company went up by 3.13 per cent to close at Rs 2,848.10.
Bajaj Auto Ltd today reported 7.2 per cent increase in consolidated net profit at Rs 1,200.72 crore for the second quarter ended September 30.
The company had posted a consolidated net profit of Rs 1,120.04 crore in the same quarter of last fiscal.

Total income from operations during the quarter under review was marginally up at Rs 6,432.32 crore as against Rs 6,407.54 crore.
Unit volume sales during the quarter were at 10,31,945 units as against 10,56,596 units in the year-ago period, down 2.33 per cent.