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Bajaj Auto trades higher on the bourses

24 Oct 2011 Evaluate

Bajaj Auto is currently trading at Rs. 1676.00, up by 35.45 points or 2.16% from its previous closing of Rs. 1640.55 on the BSE.

The scrip opened at Rs. 1660.00 and has touched a high and low of Rs. 1676.30 and Rs. 1655.00 respectively. So far 5,299 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1694.90 on 06-Sep-2011 and a 52 week low of Rs. 1189.60 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs. 1679.00 and Rs. 1556.00 respectively. The current market cap of the company is Rs. 48,497.00 crore.

The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 24.25% and 25.66% respectively.

Bajaj Auto, country's second-largest motorcycle-maker is planning to add capacity and develop a new variant of the flagship Pulsar in the coming 18 months. The company is likely to invest Rs 500 crore till financial year 2013 for expansion. The new Pulsar will be based on a new technology, and will be launched in December/January.

With production of over 2.25 million units in the first half, the company expects to end the year with production at around 4.5 million units. Further, the company also hopes export to surpass 1.5 million units this fiscal. Exports make up 35% of total sales of the company.

The company’s net profit for the quarter increased by 6.41% at Rs 725.80 crore as compared to Rs 682.08 crore for the quarter ended September 30, 2010. Total income has increased by 21.31% to Rs 5267.26 crore for the quarter under review from Rs 4341.82 crore for the similar quarter of the previous year.

Recently, Bajaj Auto, the country’s second largest two wheeler maker reported its highest ever monthly sales at 4,17,686 units for September, 2011 against 3,52,769 units in the corresponding month last year recording jump of 18%. The sales of Motorcycle stood at 3,71,208 units during the month, as against 3,14,515 in September last year, translating into 18% increase.

Bajaj Auto Share Price

9777.15 -46.60 (-0.47%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.15
Hero MotoCorp 5229.25
TVS Motor 3743.60
Eicher Motors 7189.40
Ather Energy 850.65
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