Bajaj Auto gains post June sales

Shares of Bajaj Auto have moved higher by 2.4% to Rs 2,586 on the National Stock Exchange (NSE) after the company sold 331,317 units in June 2015, representing a year-on-year (yoy) growth of 8%, the highest in past nine months.

The automaker had sold 305,465 units in June 2014. It had sold 345,438 units in the last month May, 2015.

Motorcycle sales during the month increased 10% y-o-y to 287,582 units as against 262,202 units in June last year, Bajaj Auto said in a filing to the BSE.

Commercial vehicles sales during the month remained flat at 43,735 units compared with 43,263 units in the year-ago period.

Exports however, grew 16% at 156,074 units in June as against 135,074 units a year earlier, it added.

The stock opened at Rs 2,550 and touched a low of Rs 2,528 on the NSE in early morning trades. A combined around 102,000 shares changed hands on the counter on the NSE and BSE.

At 0956 hours, the stock was up 1.9% at Rs 2,574 on the NSE.

Bajaj Auto Limited

National Stock Exchange of India Ltd (NSE)

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