Buy Bajaj Auto Limited:

Bajaj Auto Ltd has officially announced a consolidated sales of Rs. 9,279.06 Cr for the third quarter finished on 31-12-2020, which is 24.69% down from its previous quarter sales of Rs. 7,441.66 Cr and 15.90% up from its previous year same quarter sales of Rs. 8,005.88 Cr. The company has reported a net profit after tax of Rs. 1,555.30 Cr in the previous quarter.

Outlook:

Bajaj Auto Ltd: Experts suggested buy call at current market price: Rs. 3,670.60 with a target price: Rs. 3,800; Stoploss: Rs. 3,600.

Sell IDFC First Bank Limited:

IDFC First Bank Ltd has officially announced a consolidated sales of Rs. 4,835.86 Cr for the third quarter finished on 31-12-2020, which is 18.49% up from its previous quarter sales of Rs. 4,081.34 Cr and 1.21% up from its previous year same quarter sales of Rs. 4,778.21 Cr. The company has reported a net profit after tax of Rs. 137.15 Cr in the previous quarter.

Outlook:

IDFC First Bank Ltd: Experts suggested sell call at current market price: Rs. 55.70 with a target price: Rs. 52; Stoploss: Rs. 57.

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