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.