As Nirmala Sitharaman announced union budget 2019, share price for Bajaj Auto Opened at 2,898 and closed at 2,874.60. The share price fell by 0.7 percent.
The BSE group ‘A’ stock of face value Rs 10 has touched a 52-week high of Rs 3,213.95 on 12 July 2018 and a 52-week low of Rs 2,425 on 25 October 2018.
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The Bajaj Auto stock has risen by a tepid 2.6% in the last one year compared with a 12% rise in the benchmark Nifty 50 index. The promoters holding in the company stood at 51.18%, while Institutions and Non-Institutions held 23.02% and 25.80% respectively.
Bajaj Auto has registered a marginal rise of 0.05% in total sales to 404,624 units in June 2019 against 404,429 units in June 2018. The company’s total exports out of the above stood at 175,399 units, registering a marginal gain of 3% as compared to 169,853 units sold in the corresponding month last year.
The sales of the motorcycles increased by 4% and stood at 351,291 units in June 2019 under review against 337,752 units in June 2018. However, the company has reported 20% fall in commercial vehicles sales, which stood at 53,333 units as compared to 66,677 units in month of June 2018.
Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.
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