{"id":103663,"date":"2023-06-01T14:49:47","date_gmt":"2023-06-01T09:19:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103663"},"modified":"2023-06-01T15:33:44","modified_gmt":"2023-06-01T10:03:44","slug":"automobile-stock-gains-nearly-2-on-strong-sales-numbers-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/automobile-stock-gains-nearly-2-on-strong-sales-numbers-hits-all-time-high\/","title":{"rendered":"Automobile stock gains nearly 2% on strong sales numbers; Hits all-time high\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3353172430\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs 131,856 crores, the stocks of Bajaj Auto Limited are currently trading at Rs 4,660 gaining 2 percent as compared to the previous closing levels of Rs 4,567.15.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-377235767\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The scrip witnessed an intra-day high of Rs 4670.35 which also becomes the all-time high mark for the company. The stock has shown steady growth gaining around 30 percent during the year-to-date (YTD) period.&nbsp;<\/p><p>One of the probable reasons for the stock prices to increase today is after the company, through a regulatory filing with the BSE, provided updates with respect to the company\u2019s Auto sales in May 2023 v\/s in May 2022.&nbsp;<\/p><p>Having a look at the domestic sales numbers of 2-wheelers, the company has been successful in increasing the same from 96,102 units during May 2022 to 1,94,811 units in May 2023 exhibiting an increase of 103 percent.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3146066475\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition to the above, the domestic sales numbers of commercial vehicles, during the same period, improved from 16,206 units to 33,590 units representing an increase of 107 percent.\u00a0<\/p><p>On the contrary, the total exports, due to the recessionary pressure in the global economy, reduced from 1,63,560 units to 1,26,747 units indicating a decline of 23 percent.&nbsp;<\/p><p>Bajaj Auto Limited is a company based in India that is engaged in developing, manufacturing, and distributing automobiles such as commercial vehicles, motorcycles, electric two-wheelers, etc. The Company sells its products in India and in various other markets globally.&nbsp;<\/p><p>The latest annual report released by the company showcases an increase in operating revenue from Rs 33,145 crores in FY21-22 to Rs 36,455 crores in FY22-23. Moreover, the company\u2019s net profits, keeping the timeframe the same, moved from Rs 6,166 crores to Rs 6,060 crores.&nbsp;<\/p><p>As per the latest shareholding data available for the March 2023 quarter, Promoters of the company hold a 54.98 percent stake, and Foreign Institutional Investors (FIIs) hold a 12.35 percent stake in the company.\u00a0<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3889536102\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-4001133786\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs 131,856 crores, the stocks of Bajaj Auto Limited are currently trading at Rs 4,660 gaining 2 percent as compared to the previous closing levels of Rs 4,567.15.&nbsp; The scrip witnessed an intra-day high of Rs 4670.35 which also becomes the all-time high mark for the company. The stock has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Automobile stock gains nearly 2% on strong sales numbers; Hits all-time high\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs 131,856 crores, the stocks of Bajaj Auto Limited are currently trading at Rs 4,660 gaining 2 percent as compared to the previous closing levels of Rs 4,567.15.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/automobile-stock-gains-nearly-2-on-strong-sales-numbers-hits-all-time-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automobile stock gains nearly 2% on strong sales numbers; 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