Bajaj Auto Flowing in Profits

Bajaj Auto Flowing in ProfitsBajaj Auto is having a good time these days, as it is flowing in profits. The second-largest two-wheeler maker has reported 14% rise in their sales, in the month of July.

When compared to last July’s data, then, this year’s total sale was of 363,712 units, than 318,415 units of last year.

Its export has also risen in July by 35%, amounting to 143,996 units from 106,794 units in the same month of last year. It has also registered 18% growth in the sale of commercial vehicles.

The overall growth in different areas, like exports, sales of motorcycles and commercial vehicles has made Bajaj Auto Ltd to boastfully register the break recording sales in the month of July, ever, which has helped the auto maker, to rise in the stocks.

This was proved when its stocks took the upward graph in today’s morning Sensex. Bajaj Auto shares were trading at Rs 1,485, a three rupee low, if compared with last day’s closing price, which was Rs 1,488.

According to analysts, its power-packed performance in the month of July has held its position hard, in the Sensex. Though, overall, the Sensex was weak, with 195points.