The two-wheeler maker reported sales of 5,40,276 units in December, 2011, registering a jump of 7.8 per cent over year-ago period.
Stocks of two-wheeler manufacturers such as Bajaj Auto, TVS Motors and Here Moto Corp slipped 5-10% in trade on Monday on account of poor auto sales numbers for the month of December.
It was slow and steady start for the year 2012 as markets eventually closed positive after remaining flat-to-negative for most part of the day on Monday.
"Today taking cue from global markets, we are likely to open with a gap-up. The Nifty future short term averages suggest that any move above 4685 on the Nifty could be an indication of rising momentum," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.
"Nifty futures could see higher levels up to 4725 to 4750 and this range will act as resistance but as indicated, upward move could get further strengthen only above 4780," added Rakesh.
Stocks that look poised to see a short term rally are Tata Motors, SBI while Hind zinc and Bajaj Auto Ltd could see lower levels.
European stock markets close higher on Monday, given a boost by strong German economic data. However, the euro slipped to a near month low against the yen on Tuesday as concerns over debt crisis still weighs on investors mind.
Asian shares rose on Tuesday tracking strong manufacturing growth in India & China for the month of December. Stock indexes in Australia and South Korea both rose more that 1 percent. Japanese markets were closed for a holiday.
The Purchasing Managers' Index in India rose to 54.2, the most in six months, from 51 in November. In China , the index was at 50.3 from 49 in November.
U.S. crude jumped 1.5 percent to above $100 a barrel on escalating tensions between Iran and the West.
Hong Kong 's Hang Seng index was trading higher at 18,770.12, up 1.8%. South Korea 's Kospi index was trading 2.1% higher at 1865.59. China 's Shanghai index was trading at 2200.47, up 1.2%.
At 08:00 AM, Nifty India stock futures in Singapore were up 39.50 points at 4,690.50, indicating a positive opening in the domestic market.
Stocks in news:
Reliance Industries Ltd after the oil & gas major agreed to fund a transaction that will result in a sizeable stake for itself in a company controlling two of the industry's largest businesses, the Network18 Group and the Eenadu Group of channels run by the Hyderabad-based Ramoji Rao.
ONGC Ltd after the state-owned company plans to invest $2.89 billion (about Rs 15,340 crore) in developing its ultra-deepsea UD-1 gas discovery in the Krishna Godavari basin by 2016-17.
DLF Ltd after the China-based conglomerate, HNA, has joined the race to buy Aman Resorts, the biggest non-core asset of realty major DLF. According to reports the 68 billion-RMB group has offered above Rs 2,000 crore for the resorts.
BHushan Steel Ltd after the processed steelmaker said it has deferred plans to build a new plant and raise $1 billion through a share issue because of problems acquiring land in West Bengal and weak financial markets.
IVRCL Ltd after the infrastructure major said it had bagged orders worth Rs 732.14 crore in the buildings, transportation, mining, water and solar power segments.
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