Traders said a favourable verdict by the Supreme Court on launch of quadricycles would help the auto major recover some of lost sales. (Photo: Associated Press) 
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Traders said a favourable verdict by the Supreme Court on launch of quadricycles would help the auto major recover some of lost sales. (Photo: Associated Press) Bajaj Auto shares rose nearly one per cent on Tuesday on hopes that the Supreme Court will give a positive verdict on the launch of quadricycles in the country.
Traders said a favourable verdict would help the auto major recover some of lost sales. Bajaj Auto's February vehicle sales were down 22 per cent year-on-year.
Shares of Bajaj Auto jumped 1.7 per cent intra-day before settling the day 0.75 per cent higher at Rs 2,128.95.
The company has invested Rs 5.5 billion and created the capacity to produce 5,000 quadricycles a month at its Aurangabad plant in Maharashtra.
A company spokesman was not immediately reachable for comment.
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