Bajaj Auto shares plunged as much as 5 per cent in the morning trade on Monday after the company reported 9 per cent fall in sales for the month of October 2015 at 3,52,822 units as compared to 3,86,017 units sold in October 2014. (Reuters)
Bajaj Auto shares plunged as much as 5 per cent in the morning trade on Monday after the company reported 9 per cent fall in sales for the month of October 2015 at 3,52,822 units as compared to 3,86,017 units sold in October 2014.
At 10.35 am, Bajaj Auto share price was trading 4.18 per cent down at Rs 2,443.10. The scrip opened at Rs 2,530 and had touched a high and low of Rs 2,555 and 2,422.65, respectively, in trade so far. Sensex was down 89.77 points at 26,567.06.
The company’s motorcycles total sales for the month of October 2015 declined by 8 per cent and stood at 3,08,733 units as compared to 3,36,923 units in the same month last year. Commercial vehicles sales plunged by 10 per cent year-on-year at 44,089 units.
On a year-to-date basis, the share price of Bajaj Auto jumped 3.83 per cent to Rs 2549.60 on October 30. Sensex fell 3.09 per cent during the same period.
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