Bajaj Auto Gains Nearly 5% On Jump In Q3 Net Profit

 

Bajaj Auto Gains Nearly 5% On Jump In Q3 Net Profit

Bajaj Auto Share Price: Bajaj Auto’s revenue from operations advanced 17 per cent to Rs 8,910 crore

Bajaj Auto shares gained nearly 5 per cent to touch record high of Rs 3,807.75 on the BSE after the Two-wheeler major reported a 23 per cent jump in net profit for the quarter ended December 31, 2021. At 2.55 pm, the shares of Bajaj Auto were trading off their intra-day highs, at Rs 3,709.25, up Rs 71 or 1.9 per cent on the BSE.

The Pune-based company in a stock exchange filing said that its net profit in October-December period (third quarter of current financial year) rose 23 per cent to Rs 1,556 crore as against Rs  1,262 crore during the same quarter last year.