Buy Bajaj Auto Ltd. target Rs 3400.0 : Kunal Bothra
Kunal Bothra of Independent Analyst has buy call on Bajaj Auto Ltd. with a target price of Rs 3400.0 . The current market price of Bajaj Auto Ltd. is Rs 3333.0 Time period given by analyst is Intra Day when Bajaj Auto Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 3310
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 95939.64 Crore) operating in Auto sector.
Bajaj Auto Ltd. key Products/Revenue Segments include Automobile – 2 & 3 Wheelers which contributed Rs 22694.87 Crore to Sales Value (98.29 % of Total Sales), Export Incentives which contributed Rs 289.45 Crore to Sales Value (1.25 % of Total Sales), Royalty Income which contributed Rs 70.74 Crore to Sales Value (0.30 % of Total Sales), Scrap which contributed Rs 29.93 Crore to Sales Value (0.12 % of Total Sales) and Other Operating Revenue which contributed Rs 3.04 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 6461.30 Crore, up 21.26 % from last quarter Sales of Rs 5328.48 Crore and up 8.61 % from last year same quarter Sales of Rs 5949.32 Crore Company has reported net profit after tax of Rs 1111.68 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 30-09-2017, the company has a total of 289,367,020 shares outstanding.
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Via:: Economic Times – Stocks