The auto major’s total sales for the month of August stood at 3,37,000 units as against 3,19,000 units month-on-month (MoM), up around 8 percent year-on-year (YoY), said S Ravikumar, President – Business Development & Assurance, Bajaj Auto.
Despite Bajaj Auto ’s monthly sales figure being below street expectations, the stock has been up on the back of a spectacular guidance stating a run rate of 400,000 total sales in September and October.
The auto major’s total sales for the month of August stood at 3,37,000 units as against 3,19,000 units month-on-month (MoM), up around 8 percent year-on-year (YoY), said S Ravikumar, President – Business Development and Assurance, Bajaj Auto.
In an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Ravikumar said their motorcycle sales stood at 2,84,000 units, up 6 percent MoM.
Bajaj Auto’s three-wheeler sales stood at 52,500 units as against 51,451 units MoM. Ravikumar further anticipates three-wheeler sales to be 55,000 units per month hereon.
Last month, the company launched two new variants of the new Discover 150 cc, expecting a turnaround in Discover market share by September-October 2014. Going forward, he sees new Discover sales growing to 25,000-30,000 units per month as compared to a monthly sale of roughly 17,500 units.
The company’s exports have escalated to 1,75,000 units as against 1,69,000 units M-o-M, he said adding that beyond festive season too, 2,00,000 domestics will be sold with an additional sale of 3,50,000 units from bikes.
Bajaj Auto stock price
On September 02, 2014, at 11:20 hrs Bajaj Auto was quoting at Rs 2296.00, up Rs 33.10, or 1.46 percent. The 52-week high of the share was Rs 2363.90 and the 52-week low was Rs 1796.00.
The company’s trailing 12-month (TTM) EPS was at Rs 112.16 per share as per the quarter ended June 2014. The stock’s price-to-earnings (P/E) ratio was 20.47. The latest book value of the company is Rs 332.04 per share. At current value, the price-to-book value of the company is 6.91.