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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.
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.
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 April 17, 2014, Bajaj Auto closed at Rs 2013.40, up Rs 13.00, or 0.65 percent. The 52-week high of the share was Rs 2193.85 and the 52-week low was Rs 1683.35.
The company's trailing 12-month (TTM) EPS was at Rs 112.15 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 17.95. The latest book value of the company is Rs 273.08 per share. At current value, the price-to-book value of the company is 7.37.
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