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Centrum Broking has buy call on with a target price of Rs 4458. The current market price of Bajaj Auto Ltd. is Rs 3667.25.
Time period given by analyst is one year when Bajaj Auto Ltd. price can reach defined target.
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 106147.06 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 7715.34 Crore, down -13.11 % from last quarter Total Income of Rs 8879.70 Crore and up 125.78 % from last year same quarter Total Income of Rs 3417.12 Crore. Company reported net profit after tax of Rs 1059.21 Crore in latest quarter.
Investment Rationale
The brokerage expects better retail volumes in Q2 both on QoQ and YoY basis, driven by 125cc portfolio and 3 new model launches. But it cautioned that not all retails will be converted to billings as channels are now well stocked this time around.
Promoter/FII Holdings
Promoters held 53.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.1 per cent, DIIs 9.1 per cent and public and others 24.1 per cent.
Time period given by analyst is one year when Bajaj Auto Ltd. price can reach defined target.
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 106147.06 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 7715.34 Crore, down -13.11 % from last quarter Total Income of Rs 8879.70 Crore and up 125.78 % from last year same quarter Total Income of Rs 3417.12 Crore. Company reported net profit after tax of Rs 1059.21 Crore in latest quarter.
Investment Rationale
The brokerage expects better retail volumes in Q2 both on QoQ and YoY basis, driven by 125cc portfolio and 3 new model launches. But it cautioned that not all retails will be converted to billings as channels are now well stocked this time around.
Promoter/FII Holdings
Promoters held 53.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.1 per cent, DIIs 9.1 per cent and public and others 24.1 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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