Bajaj Auto trades flat despite strong December sales

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Bajaj Auto trades flat despite strong December sales

Shares of Bajaj Auto traded flat despite the company reporting an 18 percent year-on-year (YoY) increase in December sales.

The stock gained as much as 0.74 percent on the BSE, after falling as much as 0.72 percent.

Bajaj Auto reported total sales of 3.46 lakh units for December 2018, up from the 2.92 lakh units sold in December 2017.

The company’s total domestic sales for December grew 21 percent YoY, while exports rose 16 percent.

But Bajaj Auto’s sales of commercial vehicles for the month plunged 26 percent YoY.

At 1012 hours Bajaj Auto was quoting at Rs 2,721 on the BSE, down 0.13 percent.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-01-04 12:07:59

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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