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      Bajaj Auto trims gains after declaring monthly sales

      MoM Team / Mumbai, May 03, 2017 10:48 AM IST

        Bajaj Auto trims gains after declaring monthly sales

        Bajaj Auto gained 0.5 percent to Rs 2,921 on BSE, off the day's high after the company reported muted sales growth in the month just gone by.

        The announcement was made during market hours today, 3 May 2017.

        Meanwhile, the S&P BSE Sensex was up 16.77 points or 0.06 percent at 29,937.95

        On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 21,170 shares in the past one quarter.

        The stock had hit a high of Rs 2,945.40 and a low of Rs 2,904.95 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,366 on 24 May 2016.

        The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

        Bajaj Auto reported 0.09 percent fall in total sales to 3.29 lakh units in April 2017 over April 2016. Domestic sales declined 21 percent to 1.77 lakh units in April 2017 over April 2016. Exports surged 46 percent to 1.51 lakh units in April 2017 over April 2016.

        On a consolidated basis, Bajaj Auto's net profit fell 5.3 percent to Rs 976.82 crore on 8.6 percent decline in net sales to Rs 4975.56 crore in Q3 December 2016 over Q3 December 2015.

        Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.


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