Buy Bajaj Auto, target Rs 3,185: Dr CK Narayan
ETMarkets.com|
Oct 03, 2017, 08.34 AM IST
Dr CK Narayan of Chart Advise has a buy call on Bajaj Auto with a target price of Rs 3,185.
The current market price of Bajaj Auto is Rs 3,108.15.
Time period given by the analyst is intraday when Bajaj Auto price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 3,080.
Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 89,939.61 Crore) operating in Auto sector.
Bajaj Auto key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 22,694.87 Crore to Sales Value (98.29 per cent of Total Sales), Export Incentives which contributed Rs 289.45 Crore to Sales Value (1.25 per cent of Total Sales), Royalty Income which contributed Rs 70.74 Crore to Sales Value (0.30 per cent of Total Sales), Scrap which contributed Rs 29.93 Crore to Sales Value (0.12 per cent of Total Sales) and Other Operating Revenue which contributed Rs 3.04 Crore to Sales Value (0.01 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 5,328.48 Crore, up 10.89 per cent from last quarter Sales of Rs 4,805.03 Crore and down 10.96 per cent from last year same quarter Sales of Rs 5,984.41 Crore Company has reported net profit after tax of Rs 789.68 Crore in latest quarter.
The company's top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.Anami Roy, Mr.D J Balaji Rao, Mr.D S Mehta, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj.
Company has SRBC & Co LLP as its auditors.
As on 31-03-2017, the company has a total of 289,367,020 shares outstanding.
The current market price of Bajaj Auto is Rs 3,108.15.
Time period given by the analyst is intraday when Bajaj Auto price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 3,080.
Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 89,939.61 Crore) operating in Auto sector.
Bajaj Auto key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 22,694.87 Crore to Sales Value (98.29 per cent of Total Sales), Export Incentives which contributed Rs 289.45 Crore to Sales Value (1.25 per cent of Total Sales), Royalty Income which contributed Rs 70.74 Crore to Sales Value (0.30 per cent of Total Sales), Scrap which contributed Rs 29.93 Crore to Sales Value (0.12 per cent of Total Sales) and Other Operating Revenue which contributed Rs 3.04 Crore to Sales Value (0.01 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 5,328.48 Crore, up 10.89 per cent from last quarter Sales of Rs 4,805.03 Crore and down 10.96 per cent from last year same quarter Sales of Rs 5,984.41 Crore Company has reported net profit after tax of Rs 789.68 Crore in latest quarter.
The company's top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.Anami Roy, Mr.D J Balaji Rao, Mr.D S Mehta, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj.
Company has SRBC & Co LLP as its auditors.
As on 31-03-2017, the company has a total of 289,367,020 shares outstanding.