Bajaj Auto trades flat despite strong December sales

Pune-based Bajaj Auto registered two-wheeler sales of 188,196 units, a growth of 7 percent in domestic sales in November as against 176,337 units sold in the same month last year. (Image: Bajaj Auto)

Shares of Bajaj Auto traded flat despite the company reporting an 18 percent year-on-year (YoY) increase in December sales.

The stock gained as much as 0.74 percent on the BSE, after falling as much as 0.72 percent.

Bajaj Auto reported total sales of 3.46 lakh units for December 2018, up from the 2.92 lakh units sold in December 2017.

The company's total domestic sales for December grew 21 percent YoY, while exports rose 16 percent.

But Bajaj Auto's sales of commercial vehicles for the month plunged 26 percent YoY.

At 1012 hours Bajaj Auto was quoting at Rs 2,721 on the BSE, down 0.13 percent.