Bajaj Auto surges over 2% after Egypt lifts import ban
22/05/2014 10:45
Shares of Bajaj Auto rallied over 2 per cent, in early trade on Bombay Stock Exchange (BSE) on reports that Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014. According to media reports, the move is expected to benefit Bajaj Auto as it is one of the biggest exporters of two-wheelers and three-wheelers to Egypt. Buoyed by the development, shares of company gained as much as 2.79 per cent at Rs 2013.95 a piece on the BSE. In a similar fashion, shares of company advanced 2.69 per cent to Rs 2014 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 24,460.89, up 162.87 points, or 0.67 per cent at 10:44 hours.
22/05/2014 10:45
Shares of Bajaj Auto rallied over 2 per cent, in early trade on Bombay Stock Exchange (BSE) on reports that Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014. According to media reports, the move is expected to benefit Bajaj Auto as it is one of the biggest exporters of two-wheelers and three-wheelers to Egypt. Buoyed by the development, shares of company gained as much as 2.79 per cent at Rs 2013.95 a piece on the BSE. In a similar fashion, shares of company advanced 2.69 per cent to Rs 2014 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 24,460.89, up 162.87 points, or 0.67 per cent at 10:44 hours.
