Bajaj Auto rose 3.28% to Rs 2,083 at 10:27 IST on BSE after the company said its total sales rose 2% to 3.67 lakh vehicles in September 2013 over September 2012.
The company announced the sales numbers before market hours today, 3 October 2013.
Meanwhile, the S&P BSE Sensex was up 266.23 points or 1.36% at 19,783.38.
On BSE, 19,000 shares were traded in the counter as against average daily volume of 26,857 shares in the past one quarter.
The stock hit a high of Rs 2,083 and a low of Rs 2,026 so far during the day. The stock had hit a record high of Rs 2,228.95 on 3 January 2013. The stock had hit a 52-week low of Rs 1,657.50 on 4 April 2013.
The stock had outperformed the market over the past one month till 1 October 2013, surging 9.64% compared with the Sensex's 4.82% rise. The scrip had also outperformed the market in past one quarter, jumping 4.88% as against Sensex's 0.31% fall.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's motorcycle sales rose 3% to 3.23 lakh units in September 2013 over September 2012. The company said that sales of the Pulsar brand of motorcycles totaled 1 lakh units in September 2013. Bajaj Auto's commercial vehicles sales fell 2% to 43,936 units in September 2013 over September 2012. The company's exports rose 10% to 1.46 lakh units in September 2013 over September 2012.
Bajaj Auto's net profit rose 2.7% to Rs 737.68 crore on 2% growth in net sales to Rs 4808.73 crore in Q1 June 2013 over Q1 June 2012.
Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.
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