Bajaj Auto is beaming ear-to-ear today. The stock opened stronger and rose over 2.2% at Rs.2807.20. The stock’s 52-week high and low stands at Rs.3472.60 and Rs.2604 respectively.
The company posted its highest every monthly sales for August’18 and looks like the gamble of gaining market share in entry level motorcycles in giving returns.
Recording a volume growth of 30% (YoY), Bajaj Auto sold 4,37,092 units, with total domestic sales going up 27% and exports too showed a smart 35% jump.
In a break-up of the two-wheeler sales, total motorcycle sales rose 28%. Commercial vehicles sales rose 45% and it is this segment which boosted the exports.