Bajaj Auto stock hits historic high, surpasses Rs 6,000-mark to close at Rs 6,009.95

Over the past week, the stock exhibited a growth of 5.72 percent. (Representative Image)

In a significant milestone, Bajaj Auto's shares surged to an all-time high, breaching the Rs 6,000 mark on the BSE and closing the trading day at Rs 6,009.95.

The trading session saw substantial activity with a volume of 4,221 and a total trade value of 253.68 lakh. Bajaj Auto's market capitalization reached Rs 170,055 crore, reflecting strong investor confidence. The day witnessed the stock opening at Rs 5,988.95 and reaching a day's low of Rs 5,915.90.

In the previous session, Bajaj Auto shares closed at Rs 5,929.80.

Over the past week, the stock exhibited a growth of 5.72 percent. Looking at a broader perspective, Bajaj Auto recorded gains of 11.84 percent in the past month, 63.14 percent over the past year, and 66.21 percent year-to-date.

Bajaj Auto's stellar performance aligns with its recent second-quarter report, which revealed a standalone net profit of Rs 1,836.14 crore for the quarter ending September 30. This was a 20 percent year-on-year increase from Rs 1,530 crore, surpassing analysts' expectations.

Recently, the company's CEO, Rajiv Bajaj, outlined ambitious plans, aiming for a monthly sales target of 10,000 units for Bajaj Triumphs. Bajaj also anticipated a surge in production and sales in the third quarter of this fiscal, reaching 18,000 units. Bajaj also teased the market with the announcement of fresh products lined up for release in December.

The collaboration between Bajaj Auto and British motorcycle brand Triumph resulted in the unveiling of the Triumph Speed 400 and Scrambler 400 X motorcycles in India in July, further diversifying the company's product portfolio.