Bajaj Auto Ltd reports 5% increase in sales during November 2020

Bajaj Auto Limited has announced the sales performance for the month of November 2020. The company has reported total sales of 422,240 units in November 2020 as against 403,223 units in November 2019, registering a growth of 5% YoY. The company clocked exports sales of 223,307 units during November 2020, 14% higher than 195,448 units in November 2019. The domestic sales dropped 4% to 198,933 in November 2020 as against 207,775 units in November 2019.

The company has sold 384,993 units of motorcycles during November 2020, as compared to 343,446 in November 2019, an increase of 12% YoY. Exports of motorcycles was 18% higher YoY at 196,797 in November 2020, as against 167,109 in November 2019. Whereas, the domestic sales of motorcycles increased 7% YoY to 188,196 units in November 2020 as compared to 176,337 units in November 2019.

Commercial Vehicles sales dropped 38% YoY to 37247 units in November 2020, as compared to 59777 in November 2019. Exports of Commercial Vehicles was at 26510 units in November 2020, as against 28339 in November 2019. Domestic sales of Commercial Vehicles dropped 66% in November 2020 to 10737 units as compared to 31438 units in November 2019.

Shares of BAJAJ AUTO LTD. was last trading in BSE at Rs.3172.6 as compared to the previous close of Rs. 3129.95. The total number of shares traded during the day was 61752 in over 7660 trades.

The stock hit an intraday high of Rs. 3249.75 and intraday low of 3130. The net turnover during the day was Rs. 197800129.

Source : Equity Bulls

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