Pune based Bajaj Auto has reported rise in its sales volume this quarter. As in July 2016, company’s sales of Motorcycles in Domestic market went up by 21% to 174,324, while the exports went down by 20% due to the fall in demands abroad. Bajaj Auto share price went green on the account that Bajaj Auto sales remained bullish despite the falling exports.The domestic market for the commercial vehicles have seen the 8% rise in the sales while the exports went down by 21%. In total the domestic sales of Motorcycle and the commercial vehicles went up by 20% while the exports fell by the same percentage. In the year to date basis while the domestic market witnessed a rise of 15% in motorcycles, the exports dropped by 18%. The sales of commercial vehicle in domestic market were 36% higher while exports came down drastically by 40%.
Currently, Bajaj Auto share price is trading at Rs. 2766 with a rise of over 1%. The scrip made the lifetime high of Rs. 2,801.85 on 21stjuly 2016. Dynamic levels, due to the strong fundamentals of the stock, have identified Bajaj Auto among top 500 performers for the quarter. The stock has not reported any loss in last two quarters. For more information on the stock, visit the Bajaj Auto share price history page of the website.
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