Bajaj Auto on the highway

Bajaj Auto is on the highway today. The stock price spurted up over 4% to Rs.2702; it remains firmly in the green though it has come off the intra day high and is now at Rs.2670 levels.

The company reported very good sales number for October; in fact it was the highest ever monthly sales growth of both three as well as two wheelers.

Company's cumulative sale (export and domestic ) stood at 506,699 units last month, registering a growth of 32%.

Exports showed a good 38% jump while domestic sales rose 29%.

Motorcycle sales registered a jump of 33% at 4.32 lakh units while three wheeler sales rose308% at 73,714 units.