Bajaj Auto shares hit record high

Shares of Bajaj Auto today rose to a record high of Rs 1,905 in intra-day trade after the company reported 2.88 per cent rise in motorcycle sales last month. The shares of the company ended at Rs 1,898.55,up 2.90 per cent on the BSE. During the day,the stock moved up by 3.24 per cent to touch a record high of Rs 1,905. At NSE,the shares closed at Rs 1,896.85,up 2.76 per cent. “Auto stocks continued their upward track after positive October sales data which were higher-than expected,” Nidhi Sarswat,Senior Research Analyst,Bonanza Portfolio said. Bajaj Auto,the country’s second largest two-wheeler maker,today reported 2.88 per cent rise in its motorcycle sales at 3,61,186 units in October. The company had sold 3,51,083 units in the corresponding month last year.

Meanwhile,in the broader market,the BSE benchmark index Sensex ended at 18,755.45,up 193.75 points.