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Bajaj bags order from Sri Lankan govt for 1.25 lakh bikes

The company has already supplied 48,000 units successfully against this order, Bajaj Auto Ltd said in a filing to the BSE.

Bajaj Auto  today has bagged an order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government.

The company through its distributor David Pieris Motor Company in Sri Lanka had secured, after a detailed evaluation process by the Government of Sri Lanka, an order from them for supply of around 50,000 units of Discover-125M motorcycles.

The company has already supplied 48,000 units successfully against this order, Bajaj Auto Ltd said in a filing to the BSE.

“The company has now secured a repeat order from them through the company’s distributor in Sri Lanka for the supply of 1.25 lakh units of Discover-125M, which the company expects to execute in next 3-4 months,” it added.

Discover-125M is priced up to Rs 50,530 (ex-showroom Delhi).  Bajaj Auto shares closed at Rs 2,466.30 apiece on the BSE, down 1.58 per cent from its previous close.

Bajaj Auto stock price

On December 19, 2014, Bajaj Auto closed at Rs 2466.30, down Rs 39.5, or 1.58 percent. The 52-week high of the share was Rs 2690.00 and the 52-week low was Rs 1796.00.


The company’s trailing 12-month (TTM) EPS was at Rs 103.65 per share as per the quarter ended September 2014. The stock’s price-to-earnings (P/E) ratio was 23.79. 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 7.43.

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