The Bajaj Auto share surged following reports that the company plans to sell 15 lakh vehicles in the current fiscal.
The stock jumped to an intraday high of Rs 396 before settling at Rs 392.55, up 1.79 per cent on the Bombay Stock Exchange (BSE), recording a volume of 48,174 shares.
Analysts said the rally on the counter was purely on reports that the company expects to achieve a sales growth of 10.3 per cent in the current financial year.
Following the recent concern over the growth of the two-wheelers sector, the optimistic outlook from Bajaj Auto helped its stock to advance further, they said.
Analysts said that compared with its peers Bajaj Auto was likely to show good growth following its sustained product launches and the presence in all two-wheeler segments.
The company
