Shares of Bajaj Auto Ltd rose 3.9 per cent to a four-week high of Rs 2,700, heading for the seventh straight session of gains. The stock marked sharpest daily percentage gain since October 12.
The company has reported 32 per cent jump in total sales at 5,06,699 units in October against 3,82,464 units in the same month last year.
The Nifty Auto index rose as much as 2.7 per cent to its highest level since October 17. Bajaj Auto stock was among top percentage gainers on the NSE index, which is up 1.16 per cent as of 0411 GMT. The stock had fallen about 22 per cent this year as of last close.