Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Portfolio

Loading...
Select Portfolio and Asset Combination for Display on Market Band
Select Portfolio
Select Asset Class
Show More
Download ET MARKETS APP

Get ET Markets in your own language

DOWNLOAD THE APP NOW

+91

CHOOSE LANGUAGE

ENG

  • ENG - English
  • HIN - हिन्दी
  • GUJ - ગુજરાતી
  • MAR - मराठी
  • BEN - বাংলা
  • KAN - ಕನ್ನಡ
  • ORI - ଓଡିଆ
  • TEL - తెలుగు
  • TAM - தமிழ்
Drag according to your convenience
ET NOW RADIO
ET NOW
TIMES NOW

Buy Bajaj Auto, target Rs 3,185: Dr CK Narayan

ETMarkets.com|
Oct 03, 2017, 08.34 AM IST
0Comments
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.

Also Read

Buy Bharat Forge, target Rs 1,290: Dr CK Narayan

Sell Rural Electrification Corporation, target Rs 155: Dr CK Narayan

Buy Dabur India, target Rs 320: Dr CK Narayan

Buy GAIL (India), target Rs 403: Dr CK Narayan

Buy Ajanta Pharma, target Rs 1275: Dr CK Narayan

Comments
Add Your Comments
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Loading
Please wait...