Tuesday, November 01, 2005

Bajaj Auto rose for the second day in a row on the back of robust sales in the month just gone by


The stock gained 1.1% to Rs 1,740 by early trade. 6,721 shares changed hands
in the counter on BSE.

Bajaj Auto on Tuesday said its total vehicle sales in October rose 37% to
241,808 units from 176,693 in October 2004. Motorcycle sales surged 43
percent to 205,012 units from 143,491 and sales of all two-wheelers rose 40
percent to 219,927 units from 157,631, it said. Sales of three-wheelers
climbed 15 percent to 21,881 units from 19,062 units a year earlier. The
company said exports surged 49 percent to 22,713 units from 15,262 units.

On a month on month basis, Bajaj Auto’s bike sales rose 13.8% from 1.8 lakh
units in September 2005. Total two-wheeler sales rose 12.8% on a month on
month basis from 1.94 lakh units in September 2005. Three-wheeler sales
declined 5.3% on a month on month basis from 23,118 units in September 2005.
Exports declined 3.1% on a month on month basis from 23,463 units in
September 2005.

Bajaj Auto’s CT-100 model continues to rule the economy motorcycle segment.
Bajaj Auto is currently the market leader in the entry and premium segments
of motorcycles. However, its share in the mid-segment is low. To penetrate
the mid-segment, the company had launched Discover, which is a 125 cc bike.

Bajaj Auto reported a net profit of Rs 289.36 crore – a growth of 61%
compared to a net profit of Rs 179.45 crore for Q2 September 2004. Total
income (net of excise) rose 30.3% to Rs 2,003.15 crore from Rs 1,536.52
crore. The company unveiled Q2 results on Saturday (15 October 2005). One
key highlight of the Q2 results was the increase in core operating profit
margin to 16.9% from 16.5% in Q2 September 2004.

1 Comments:

Blogger www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.



Regards


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