Bajaj Auto hits two month high; stock surges 11% in 6 days

The stock was up 2% to Rs 3,029 in intra-day trade, extending its past five days 9% surge after reporting a healthy volume performance during the month of June'18.

Shares of Bajaj Auto hit a two month high of Rs 3,029 per share, up 2% on the BSE in early morning trade, extending their 9% rally in the past five days after reporting a healthy volume performance during the month of June 2018. The stock was trading at its highest level since May 2, 2018.

Bajaj Auto on Monday, said that its total sales grew 65% YoY at 404,429 units in June 2018, due to strong domestic performance in two-wheeler (2W) and three-wheeler (3W) segment led by new launches and healthy export 3W sales.

The company’s commercial vehicles