Ways2Capital Reviews : Bajaj Auto June 2018 Sales Volume Up 65% Yoy, Stock Up 2%

Bajaj Auto Limited (BJAUT) reported a strong 65% yoy volume growth in June 2018, as it sold the highest ever number of 3Ws in a month at 66,677 units, up 66% yoy. Motorcycle volumes too were up 65% yoy.

Total domestic volumes were up 85% yoy in June 2018, led by 86% yoy growth in motorcycles and 78% yoy growth in 3Ws. This was the fastest domestic monthly volume growth for the company in at least three years. The company recently acknowledged in its FY18 annual report that it needed to do better in the commuter segment motorcycles, consisting of Discover 125 and V. In order to increase market share in this segment, it is planning new launches in the coming months.

Export volumes were up 44% yoy led by 42% yoy growth in motorcycles and 55% yoy growth in 3Ws. The company has greatly benefitted from growth in oil-dependent economies in Africa and Latin America. In the ASEAN region, BJAUT recently launched new products in Philippines and entered Malaysia. In Latin America, the company entered Argentina.

Bajaj Auto Ltd is currently trading at Rs2,874.90 up by Rs63.75 or 2.27% from its previous closing of Rs2,811.15 on the BSE. The scrip opened at Rs2,811 and has touched a high and low of Rs2,889.40 and Rs2,811 respectively. So far 1,94,745 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs81,345.41cr.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com 
or visit http://www.ways2capital.com 
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
Share on Google Plus Share on Pinterest

About Bhoomi Desai

0 comments: