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Bajaj Auto two-wheeler sales up 7pc in May, Stock Up

Bajaj Auto Ltd. India’s biggest two-wheeler exporter reported a 7pc rise to 3.65 lakh units in 2-wheeler sales in India for the month May, while overall sales of 2-wheelers and 3-wheelers were up 3pc, as reported by the Auto major.

The Comopany, also reported a rise of 6pc in its May exports. It has sold 2.05 lakh motorcycles in India during May and exported over 1,68 lakh.

Reacting to this performance, the Bajaj Auto stock was upbeat in the morning session, Monday. Bajaj Auto Limited opened at Rs2945 per share and registered a high of Rs3048.70 per share. At 11:25 hours, the stock was trading at Rs3046 per share, up by Rs.120 or 4.10pc on Monday. Meanwhile, the benchmark indices were also upbeat with BSE Sensex at 39990.35 up by 276pts and Nifty at 12001, up by 78pts or 0.66pc.

Headquartered in Pune, the BajajAuto Limited is the world’s largest three-wheeler manufacturer and the second largest in India.

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