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Bajaj Auto Surges to 52/Wk High

The two-wheeler maker reported an outstanding first quarter

Bajaj Auto, India's second-largest two-wheeler maker, reported excellent quarterly figures today and caused its stock price to soar.

The auto-maker said that its net profit had risen by as much as two-thirds.

The markets factored that immediately ands the stock jumped to its 52-week high at Rs 1,212.15, a jump of 11 per cent.

The stock fell thereafter to close at Rs 1,150.05 --  its previous closing was at Rs 1,094.

The company has reported a net income of Rs 2.93 billion, which was Rs 1.75 billion a year ago.

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