Bajaj Auto shares down 4 pc as motorcycle sales fall in Feb
Mumbai: Shares of Bajaj Auto ended 4 per cent lower today after the company reported a 21 per cent decline in motorcycle sales in February 2015.
After falling 5.12 per cent to Rs 2,051 in intra-day trade on the BSE, shares of Bajaj Auto finally ended at Rs 2,074.75, down 4.03 per cent.
On the NSE, the stock lost 3.50 per cent to Rs 2,078 at close.
Bajaj Auto today reported 21 per cent decline in motorcycle sales at 2,16,077 units in February 2015.
The company had sold 2,73,323 units in year-ago period.
The two-wheeler major said in a filing to the Bombay Stock Exchange (BSE) that its exports declined by 20 per cent during the month to 1,12,909 units from 1,42,009 units in the corresponding year-ago period.
In the commercial vehicles category, Bajaj Auto’s sales during the month stood at 27,242 units, down 32 per cent, as against 39,971 units in January 2014.
Meanwhile, in the broader market the BSE benchmark Sensex ended at 29,459.14, up 97.64 points.