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Bajaj Auto shares gain after reporting strong May sales data; analysts say buy
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Last Updated: Jun 01, 2021, 10:52 AM IST
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Synopsis
Sales of two-wheelers jumped 113 per cent to 240,554 units, while commercial vehicle sales for the company rose 118 per cent to 31,308 units.
Agencies The company reported domestic growth at 52 per cent to 60,830 units. On the export front, the company reported strong growth of 142 per cent at 2,11,032 units.
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Bajaj Auto climbed nearly 3 per cent to inch closer to its 52-week high level after the sales in May more than doubled from last year. Analysts are also positive on the scrip.
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