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Why Bajaj Auto Shares Fell In A Strong Market?

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Shares in Bajaj Auto fell 3 per cent in trade today, despite the Sensex rallying a huge 800 points. Among the reasons for the fall was a sharp decline in motor cycle sale for the Month of January.

The two-wheeler major sold a total of 3,94,473 units last month, a fall of 3 percent from January 2019, according to its stock exchange filing. Domestic sale of motorcyles fell 22 percent to 1,57,796 units. The company managed to register a sharp increase of 19 per cent in motor cycle sales in the export markets. The shares of the company were last seen trading at Rs 3,184, a gain of 3 per cent over Monday's close.

Why Bajaj Auto Shares Fell In A Strong Market?
 

Read more about: bajaj auto shares
Story first published: Tuesday, February 4, 2020, 12:22 [IST]
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