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Jan 02, 2013, 05.21 PM IST | Source: Moneycontrol.com

Bajaj Auto rides to a 52-wk high on highest ever Dec sales

Bajaj Auto's total sales in December rose 13 percent year-on-year to 3.44 lakh units, its highest ever dispatches in December. The strong growth pushed its shares up 2 percent to a 52-week high of 2,178.65 on NSE in morning trade on Wednesday.

Moneycontrol Bureau

Bajaj Auto 's total sales in December rose 13 percent year-on-year to 3.44 lakh units, its highest ever dispatches in December. The strong growth pushed its shares up 2 percent to a 52-week high of 2,178.65 on NSE in morning trade on Wednesday.

The Pune-based company's motorcycle sales last month were up 13 percent to 2.98 lakh units and three-wheeler commercial vehicle sales gained 9 percent to 45,596 units.

Bajaj Auto's exports were up 5 percent to 1.26 lakh units in December.

Also Read: Hero MotoCorp up 2% on better-than-expected Dec sales

Bajaj Auto's MD Rajiv Bajaj told CNBC-TV18 that the company had not offered any incentives to dealers or any discounts to customers last month. The decline in two-wheeler stocks post the Dassera-Diwali festivals had helped the company boost inventories, he said. Three-wheeler sales were aided by fresh release of auto permits by various states, he added.

Bajaj, however, remains cautious of the two-wheeler industry in 2013.

So far this financial year (Apr-Dec), the company has sold 32.56 lakh units down 2 percent year-on-year. Motorcycle sales are down 1 percent to 28.97 lakh and CV sales are down 9 percent to 3.59 lakh. Its exports have declined 4 percent to 11.82 lakh units.

At 10:40 hrs, Bajaj Auto was at Rs 2,173.95, up 2 percent on NSE.

Bajaj Auto stock price

On November 28, 2014, Bajaj Auto closed at Rs 2639.60, down Rs 9.2, or 0.35 percent. The 52-week high of the share was Rs 2690.00 and the 52-week low was Rs 1796.00.


The company's trailing 12-month (TTM) EPS was at Rs 103.65 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.47. The latest book value of the company is Rs 332.04 per share. At current value, the price-to-book value of the company is 7.95.

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