Bajaj Auto turns volatile after December sales

Bajaj Auto rose 0.11% to Rs 2,456.90 at 10:16 IST on BSE after the company said its total sales declined 3% to 2.89 lakh units in December 2014 over December 2013.

The announcement was made during market hours today, 2 January 2015.

Meanwhile, the S&P BSE Sensex was up 286.88 points or 1.04% at 27,794.42.

On BSE, so far 5,148 shares were traded in the counter as against average daily volume of 17,000 shares in the past two weeks.

The stock was volatile. The stock fell as much as 0.81% at the day’s low of Rs 2,434 so far during the The stock rose as much as 0.85% at the day’s high of Rs 2,475.20 so far during the day.

Bajaj Auto’s motorcycles sales declined 6% to 2.46 lakh units in December 2014 over December 2013. Sales of commercial vehicles rose 16% to 43,011 units in December 2014 over December 2013.

Bajaj Auto’s net profit declined 29.4% to Rs 590.90 crore on 15.1% growth in net sales to Rs 5826.85 crore in Q2 September 2014 over Q2 September 2013. Exports rose 10% to a record 1.66 lakh units in December 2014 over December 2013.

Bajaj Auto is India’s second largest two-wheeler maker after Hero MotoCorp.