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Bajaj Auto gains on plans to manufacture two and three-wheelers at Chakan plant

24 Feb 2012 Evaluate

Bajaj Auto is currently trading at Rs. 1785.00, up by 2.05 points or 0.11% from its previous closing of Rs. 1782.95 on the BSE.

The scrip opened at Rs. 1790.00 and has touched a high and low of Rs. 1809.00 and Rs. 1785.00 respectively. So far 3331 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1838.90 on 22-Feb-2012 and a 52 week low of Rs. 1245.30 on 25-Feb-2011.

Last one week high and low of the scrip stood at Rs. 1838.90 and Rs. 1770.55 respectively. The current market cap of the company is Rs. 51841.55 crore.

The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 24.55% and 25.36% respectively.

Bajaj Auto, country's second largest two wheeler maker plans to manufacture two- and three-wheelers utilizing the plot of land it had acquired at Chakan, near Pune instead of manufacturing 4-wheelers there. It has approached to the Maharashtra Industrial Development Corporation (MIDC) for the revised plan.

The company has acquired 250-acre plot of land in 2008 for a 4-wheeler project, when the prospect of the Bajaj-Renault ultra low-cost car was its height but the relationship did not materialize as expected. Bajaj Auto has planned to continue with its own 4-wheeler - christened RE60 and announced that it will be made at Aurangabad.

Bajaj Auto, the country's second largest two-wheeler maker’s monthly sales for January 2012 rose by 8% at 337,000 units, marginally lower than estimated. The exports for the month rose 13% and the numbers of units sold were 116,000 units.

Bajaj Auto Share Price

10130.95 133.20 (1.33%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 10130.95
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