Hold Bajaj Auto, target price Rs 2713: Prabhudas Lilladher

Hold Bajaj Auto, target price Rs 2713: Prabhudas Lilladher
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Synopsis

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 88719.93 Crore) operating in Auto sector.

Promoters held 53.65 per cent stake in the company as of March 31, 2020, while FIIs held 13.94 per cent, DIIs 8.77 and public and others 23.64 per cent.

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Prabhudas Lilladher has given a hold rating to Bajaj Auto with a target price of Rs 2713. The share price moved up by 6.25 per cent from its previous close of Rs 2879.50. The stock’s last traded price is Rs 3059.55.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 88719.93 Crore) operating in Auto sector.

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 29111.54 Crore to Sales Value (97.30 % of Total Sales), Export Incentives which contributed Rs 458.59 Crore to Sales Value (1.53 % of Total Sales), Other Operating Revenue which contributed Rs 330.38 Crore to Sales Value (1.10 % of Total Sales), Scrap which contributed Rs 18.14 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 2948.52 Crore, down 55.40 % from last quarter Sales of Rs 6610.90 Crore and down 61.02 % from last year same quarter Sales of Rs 7565.01 Crore. The Company reported net profit after tax of Rs 527.93 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.65 per cent stake in the company as of March 31, 2020, while FIIs held 13.94 per cent, DIIs 8.77 and public and others 23.64 per cent.

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