Bajaj Auto, one of the leading 2 and 3 wheeler makers, climbed on Thursday on hopes of pick-up in exports of two and three wheeler.
Earlier on Wednesday, the Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014.
Shares of the company are trading at Rs 1,999, up Rs 39.8, or 2.03% at the Bombay Stock Exchange (BSE) on Thursday at 12:27 p.m.
The scrip has touched an intra-day high of Rs 2,028.60 and low of Rs 1,990. The total volume of shares traded at the BSE is 24,288.
In the earlier session, the shares climbed 4.69%, or Rs 87.8, at Rs 1,959.20. Currently, the stock is trading down 8.88% from its 52-week high of Rs 2,193.85 and above 18.75% over the 52-week low of Rs 1,683.35.