Bajaj Auto, one of the leading 2 and 3 wheeler makers, witnessed a rise in share price on Tuesday as the company is going to announce its second quarter earnings today.
For the first quarter the company witnessed an increase of 0.31% in net profit to Rs 7.4 billion for the quarter ended Jun. 30, 2014 as compared to Rs 7.38 billion in the same period last year. Net sales of the company increased 6.75% on year-on-year basis to Rs 51.33 billion.
Shares of the company are trading at Rs 2,415.05, up Rs 63.85, or 2.72% at the Bombay Stock Exchange (BSE) on Tuesday at 10:45 a.m.
The scrip has touched an intra-day high of Rs 2,429 and low of Rs 2,371.20. The total volume of shares traded at the BSE is 23,984.