Bajaj Auto shares crash 8% on weak sales data, down 18% in 1 month: Will Dussehra-Diwali drive rebound? Expert decodes
New Delhi, Oct. 1 -- Shares of Bajaj Auto Limited fell nearly 8% during Thursday's intraday trading session, a day after reporting weak sales data for September month. The two-wheeler giant led the auto stocks pack with maximum decline.
Shares of Bajaj Auto were down nearly 8% in the early trading session, but the stock recovered from its intraday lows and was trading nearly 5.5% lower by 12 pm today.
The Pune-based two-wheeler giant reported a 9% annual decline in its domestic sales. Additionally, the company's two-wheeler domestic sales fell nearly 12% in September.
"Domestic two-wheelers, the line the street watches most closely into festivals, dropped 12% to about 2.40 lakh units. That missed estimates-the market was looking for cl...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.