Why Bajaj Auto Shares Jumped Back In The Green Today
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Shares of Bajaj Auto jumped back into the green in early trade on Thursday, breaking its two-day losing streak.

What Happened: The two-wheeler major reported its May sales number today. The company’s total sales for the month of May stood at 3,55,148 units, an 29% increase from the 2.75 lakh vehicles it sold last May. The company’s domestic sales went up a massive 103% to 2.28 lakh units as compared to 1.12 lakh units it sold in May 2022.

See Also: Why Tata Motors Shares Are Upbeat Today

The company’s export numbers remained weak as the automobile giant managed to sell 1.26 lakh units, down 23% from the 1.63 lakh units it sold in May 2022. Two-wheeler exports went down 26% to 1.12 lakh units as against 1.53 lakh units sold last May. However, export numbers for the company’s commercial vehicles went up 36% year-over-year to 13,862 units.

On a year-to-date basis, the company’s total sales stood at went up 17% to 6.86 lakh units from 5.86 lakh units it sold in the same period last year. Total exports for the period came in at 2.44 lakh units, down 34% from the year-ago period. Domestic sales grew by 106% year-on-year to 4.41 lakh units.

Price Action: Bajaj Auto’s share price was up 1.48% to trade at ₹4,634.95 shortly after the markets opened on Thursday.

Read Next: Is Olectra Greentech Share A Good Buy At Current Price?

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
NewsRetail SalesMoversTrading IdeasBajaj Auto