Bajaj Auto rallies 6% on better-than-expected March quarter performance

At operating level, company's earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 2.1 percent to Rs 1,252.8 crore

Shares of Bajaj Auto rallied as much as 6.4 per cent to Rs 2,722.80 apiece on the BSE on Thursday after the two-wheeler manufacturer's March quarter results came in better-than-expected. At 9:52 am, the scrip was quoting at Rs 2674, up 4.5 per cent, as against a 138 points, or 0.45 per cent, rise in the S&P BSE Sensex.

The auto-maker logged a flat 0.36 per cent year-on-yar (YoY) rise in net profit at Rs 1,310.3 crore for the quarter under review, relative to profit of Rs 1,305.59 crore reported in Q4FY19. Analysts at Edelweiss Securities, for instance, had expected a