Bajaj Auto sales up 46% at 3,53147 units

Bajaj Auto sales up 46% at 3,53147 units

The stock had hit a low of Rs 3,413 so far during the day. Bajaj Auto's consolidated net profit fell 0.6% to Rs 1193.58 crore on 8.8% rise in net sales to Rs 6474.78 crore in Q2 September 2017 over Q2 September 2016.

A Bloomberg poll of experts predicted net profit and revenue to be at Rs 1,080 crore and Rs 6,240 crore respectively.

In the domestic market, Bajaj Auto sold 39,082 three-wheelers, which was 2.5 times the 15,385 three-wheelers sold in the same month of 2017.

The company's domestic motorcycle sales were up 36 per cent at 1,63,111 units, against 1,19,803 units during the same period a year ago.

For nine month period of FY18, the company's net profit stood at Rs 2,988.23 crore - sequentially down by 1.24% from Rs 3,025.74 crore in 9MFY17.

Arsenal make request to sign David Luiz
Giroud leaves Arsenal after scoring 105 goals in just over 253 appearances since first joining the club in 2012. Henry added: "I can not fault him or be upset with him for going to Chelsea when he's not playing for Arsenal".

Domestic market scenarioBajaj Auto has been witnessing a slowdown in its domestic motorcycle sales. The company sold a total of 466,431 two-wheelers in the domestic market, up 2 percent (Q3FY17: 459,427) and exports of 352,079 units, up 22 percent.

Exports of three-wheelers were up 71% in January to 25,129.

After clocking 52-week high of Rs 3,472.60 per piece on BSE, post Q3FY18 announcement, the share price of Bajaj Auto has reversed trend and is trading at Rs 3210.50 per piece down Rs 199 or 5.74%.

Thanks to January numbers, the company has returned to growth for the financial year 2017-18, with motorcycle numbers up 3% compared to the same 10 months of last financial year.

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