Bajaj Auto declines on reporting 17% drop in November 2013 sales

03 Dec 2013 Evaluate

Bajaj Auto is currently trading at Rs. 1953.05, down by 11.85 points or 0.60% from its previous closing of Rs. 1964.90 on the BSE.

The scrip opened at Rs. 1964.00 and has touched a high and low of Rs. 1964.00 and Rs. 1943.85 respectively. So far 11542 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2228.95 on 03-Jan-2013 and a 52 week low of Rs. 1657.50 on 04-Apr-2013.

Last one week high and low of the scrip stood at Rs. 1995.80 and Rs. 1921.70 respectively. The current market cap of the company is Rs. 56522.06 crore.

The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 25.60% and 24.36% respectively.

Bajaj Auto, the second-largest motorcycle manufacturer has registered a 17% drop in total sales to 310,591 units in November 2013 against 372,293 units in November 2012. The sales of the motorcycles decreased by 15% and stood at 278,703 units in the month under review against 326,727 units in November 2012. The company has reported a 30% drop in Commercial Vehicles sales which stood at 31,888 units as compared to 45,566 units in month of November 2012.

Meanwhile, the company’s total exports out of the above stood at 133,731 units, an increase of 8% as compared to 124,115 units sold in the corresponding month last year.

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

Bajaj Auto Share Price

8802.00 -16.75 (-0.19%)
22-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Bajaj Auto 8802.00
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