Bajaj Auto share price gained as much as 2.3 percent to hit a fresh 52-week high in the early trade on Monday after showing a robust August 2024 auto sales data. Bajaj Auto stock hit the year's high of Rs 11,144 per share on the NSE. The stock has been gaining for the last 10 days, and has risen 13.38 percent in the period.
The fresh peak in September 2 session was witnessed after the Pune-based company reported 16 percent rise in sales of two-wheels and commercial vehicles in August 2024 to 3,97,804.
In the two-wheelers category, it reported a total of 18 percent rise to 3,35,178 from an earlier 2,85,031. A 11 percent growth was seen in the commercial vehicles category with 62,626 units sold in August 2024 as compared to 56,617 in the same period a year ago.
The two-wheelers major posted an 18 percent on-year rise in its Q1 FY25 consolidated net profit to Rs 1,941.79 crore. Its revenue during the April-June quarter jumped 16 percent on-year to Rs 11,932 crore, aided by robust vehicles sales and record spares revenue, leading to a higher average selling price (ASP).
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