Maruti Suzuki, Bajaj Auto extend gains post June sales

Maruti Suzuki India was up 1.6% to Rs 9,122, gaining 3% in past three trading session, while Bajaj Auto was trading 2% higher at Rs 2,924, extending its past two days 2% gain on the BSE.

Shares of Maruti Suzuki India and Bajaj Auto were quoting higher for the third straight trading day after these companies delivered a healthy volume performance in June’18 on lower year on year (YoY) base led by pre Goods and Services Tax (GST)-led disruptions.

Maruti Suzuki India was up 1.6% to Rs 9,122, gaining 3% in past three trading sessions, after the company delivered strong performance in June’18, with its monthly vehicle sales standing at 144,981 units (+36% YoY and -16% MoM). The company’s month on month (MoM) sales decline was due to half yearly maintenance shutdown during last week