Bajaj Auto rose 0.93% to Rs 2,351.50 at 12:48 IST on BSE after the company said total vehicle sales rose 3% to 3.05 lakh unit in June 2014 over June 2013.
The company made the announcement during trading hours today, 2 July 2014.
Meanwhile, the BSE Sensex was up 252.17 points, or 0.99%, to 25,768.52.
On BSE, so far 29,000 shares were traded in the counter, compared with an average volume of 26,137 shares in the past one quarter.
The stock hit a high of Rs 2,363.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 2,342 so far during the day. The stock hit a 52-week low of Rs 1,683.35 on 28 August 2013.
The stock had outperformed the market over the past one month till 1 July 2014, rising 19.28% compared with 5.36% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 12.85% as against Sensex's 13.68% rise.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto said total motorcycle sales rose 3% to 2.62 lakh units in June 2014 over June 2013. Total commercial vehicles sales rose 5% to 43,263 units in June 2014 over June 2013. Total exports jumped 12% to 1.35 lakh units in June 2014 over June 2013.
Bajaj Auto's net profit fell 0.2% to Rs 763.93 crore on 3.7% growth in net sales to Rs 4822.66 crore in Q4 March 2014 over Q4 March 2013.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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