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Bajaj Auto Share Prices Hit its Fresh All-Time High; Company Announces New Motorcycles Bookings

Bajaj Auto's share reached an all-time high after bookings of the new motorcycles crossed 10,000 units.

Bajaj Auto share prices reached an all-time high of Rs 4,950 in the morning trade of July 10 on BSE after suffering a loss of 2% on the previous day. The stock saw an increased transaction after the company said bookings of the newly introduced motorcycles Triumph Speed 400 and Scrambler 400X crossed the 10,000 units booked mark. 

The company is looking to increase production due to a strong market response. 

The Bajaj-Triumph Speed 400 costs Rs 2.33 lakh (ex-showroom); however, the price of the Scrambler 400X has yet to be revealed. The Bajaj-Triumph Speed 400 will be available in the country by the end of July, but the latter will be up for sale in October this year. 

Bajaj Auto plans to set up a wholly-owned subsidiary, Bajaj Auto Consumers Finance, which has applied to RBI for a non-Banking Financial company (NBFC).

Bajaj Auto has clocked decent gains in the last year, as the stock is up by 28%. Monthly, the stock has been in the green since March. 

At 10:10 am, the shares of Bajaj Auto were trading at Rs 4,940 on BSE.

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