Bajaj Group stock engaged in the business of developing, manufacturing, and distributing automobiles and auto ancillaries jumped 3 percent in the day’s trade following its investment of Rs. 45.75 Crores in Yulu Bikes.
With a market capitalization of Rs. 2,40,852 Crores, the shares of Bajaj Auto Limited closed at Rs. 8,505.30, up 3.36 percent from its previous day’s close price of Rs. 8,229.
Bajaj Auto Limited has made further investments of Rs. 45.75 Crores in Yulu Bikes, which is India’s largest shared electric two-wheeler mobility company. Post investment Bajaj Auto Limited holds an 18.8 percent stake in Yulu Bikes
Bajaj Auto Limited is engaged in the business of developing, manufacturing, and distributing motorcycles, commercial vehicles, Electric Vehicles, and parts associated with it.
Some of the famous vehicle brands sold by the company are Discover, Pulsar, Dominar, KTM, Avenger, Chetak, and many more through its own, joint venture and associated companies.
As per the latest auto sales update for January 2024, Bajaj Auto’s domestic sales grew by 31 percent YoY from 1,75,210 units in January 2023 to 2,30,043 units in January 2024 and its exports grew by 12 percent YoY from 1,12,725 units to 1,25,967 units.
Its revenue from operations grew by 9.99 percent from Rs. 33,145 Crores in FY22 to Rs. 36,455 Crores in FY23, accompanied by profits of Rs. 6,166 Crores to Rs. 6,060 Crores.
It has reported a return on equity (ROE) of 20.2 percent and a return on capital employed (ROCE) of 26.2 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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