Ripples Advisory, Bajaj Auto stock gains nearly 3%....
Bajaj Auto stock gains nearly 3% post strong June sales data
Bajaj Auto total sales grew by 65 per cent over 2.45 lakh units sold in same month last year.
Bajaj Auto share price rallied as much as 2.8 per cent in morning on Monday after the reported better-than-expected sales data for the month of June.
The two and three-wheeler maker sold 4.04 lakh units in June 2018, which were quite higher that Nomura expectation of 3.86 lakh units.
Its total sales grew by 65 per cent over 2.45 lakh units sold in same month last year.
Domestic sales during the month shot up 85 per cent year-on-year to 2.34 lakh units while exports jumped 44 per cent to 1.70 lakh units, the company said in its filing.
Total motorcycle sales in June 2018 grew by 65 per cent to 3.37 lakh units compared to 2.04 lakh units sold in same month last year.
Bajaj Auto reported highest-ever 3-wheeler sales that increased sharply by 66 per cent to 66,677 units YoY in June 2018.
At 09:28 hours IST, the stock price was quoting at Rs 2,869.00, up Rs 57.85, or 2.06 per cent on the BSE.
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