Bajaj Auto gains as Maharashtra Govt removes cap on taxi, auto permits

 As a result of the Maharashtra Government removing cap on taxi, autorickshaw permits, Bajaj Auto, an Indian two and three-wheeler manufacturing company is riding the bulls during Monday’s trading session.

Bajaj Auto Limited is an India-based manufacturer of motorcycles, three-wheelers and parts. The Company's business segments include automotive, investments and others. The Company's vehicles include two-wheelers and commercial vehicles.
In early hours of trade on the NSE, Bajaj Auto hit a high of Rs 2894 per share or 3.02%. The stock has delivered 10% returns in a period of one year and has outperformed the BSE Sensex and BSE Auto indices over the same time period.
The stock witnessed a huge spurt in volume by more than 1.03 times. The stock had hit its 52-week high of Rs 3122 per share on 8 September 2016 and hit its 52-week low of Rs 2510 on 21 November, 2016.

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