Bajaj Auto Ltd.

Bajaj Auto is currently trading at Rs. 1835.85, up by 31.70 points or 1.76% from its previous closing of Rs. 1804.15 on the BSE.

The scrip opened at Rs. 1817.95 and has touched a high and low of Rs. 1840.00 and Rs. 1817.25 respectively. So far 5824 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. 1423.10 on 18-Jul-2012.

Last one week high and low of the scrip stood at Rs. 1840.00 and Rs. 1747.50 respectively. The current market cap of the company is Rs. 53127.78 crore.

The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 25.34% and 24.62% respectively.

Bajaj Auto, which already holds 30% stake in Austrian motorcycle manufacturer KTM, is mulling to hike its stake to as much as 90% in the near future. Both the companies are reportedly in talks to finalize a deal in respect to this as soon as possible. However, it remains to be seen, whether the company will directly scale up it holding to 90%, or may first hike it 51% and then in a phased manner, up to 90%.

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.