Bajaj Auto stock falls 4% after November sales drop

Bajaj Auto shares fell by over 4% after the two-wheeler major reported a 19.3% fall in sales for November. Bajaj Auto stock fell 4.12% to Rs 3,595. 50 against the previous close of Rs 3,750. On the BSE, 30 is. Large cap stock trades higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages.

A total of 7,206 shares of the firm changed hands, which is a turnover of Rs 2.62 crore on the BSE. The market cap of Bajaj Auto fell to 1.06 lakh crore. The stock has gained 13 per cent in a year and risen 13% this year. The large cap stock was at a 52 week high of Rs 4,130 on September 1, 2022 and a 52 week low of Rs 3,028. On December 20, 2021, 35 was made.

In November 2022, 06 lakh units were purchased against 3.79 lakh units in November 2021. Exports of the firm fell 30% to 1.53 lakh units in the last month against 2.20 lakh units in the corresponding month of the last year. Domestic sales fell by 4% to 1.52 lakh units in November 2022 against 1.58 lakh units in November 2021.

The Sensex surged over 450 points to hit an all-time high of 63,583. 07 and Nifty gained over 100 points to reach an all time high of 18,887. 60.