Bajaj Auto Ltd. News and Updates

Name: Latest research reports of Bajaj Auto Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Bajaj Auto Ltd.
Rating: 3
Author: Geojit BNP Paribas

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Bajaj Auto Ltd.

31 Oct 2019

9135.00

1.52%

Bajaj Auto

Results Update: Bajaj Auto Ltd.

SMC online

been marginally in favour and the management said that it had raised product prices in July and September quarter. Due to cost control and low raw material cost Ebitda (earnings before interest, tax, depreciation and amortization) stood at 16.6%, an improvement of about 120...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

31 Oct 2019

9135.00

1.52%

BAJAJ AUTO LIMITED

Hold: Bajaj Auto Ltd.

Target

Geojit BNP Paribas

Mixed results; BSVI launch expected next year Bajaj Auto is the world's sixth-largest manufacturer of motorcycles and the second-largest in India. It is also the world's largest three-wheeler manufacturer. The company is based in Pune, Mumbai with plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand. Bajaj Auto...

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

25 Oct 2019

9135.00

1.52%

Bajaj Auto will continue to push new products: Rakesh Sharma

Business Line

Bajaj Auto will continue with its new product introduction strategy, even as the automobile industry is grappling with one of the worst slowdowns in

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

24 Oct 2019

9135.00

1.52%

Bajaj Auto (2QFY20): Operational beat. Maintain BUY

Buy: Bajaj Auto Ltd.

Target

HDFC Securities

Re-iterate BUY as (1) Industry demand trends are improving after several quarters of decline (2) Bajaj is well prepared for BSVI due to its tie up with KTM. Further, 3W/exports are ~50% of volumes which provides cushion against volatility in domestic 2Ws. (3) Co will launch new premium brands in India including the Husqvarna and Triumph (agreement is expected to be finalized shortly). Bajajs 2QFY20 PAT (Rs 14bn, +22% YoY) was ahead of estimates as operating margins surprised at 16.6% (+110bp QoQ) & lower tax rates aided profitability. Reiterate Bajaj as preferred pick in the sector. Maintain BUY with a revised TP of Rs 3,530 (@ 18x Sep-21E EPS).

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

24 Oct 2019

9135.00

1.52%

Bajaj Auto: Result Review

Hold: Bajaj Auto Ltd.

Target

Karvy

Returning to Normalcy Maintain HOLD: During Q2FY20, Bajaj Auto Ltd (BAL) sales declined by 4.1 percent YoY to Rs 77.1bn

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

24 Oct 2019

9135.00

1.52%

Bajaj Auto

Hold: Bajaj Auto Ltd.

Recommendation Target

ICICI Securities Limited

BAL stands apart from the competitor pack given the scale of its presence across geographies in both 2-W as well as 3-W segments (FY19 volumes of 25.7 lakh units of which 50% domestic 2-W, 34% export 2-W, 8% domestic 3-W, 8% export 3-W). It has been able to broadly outperform its peers during the ongoing slowdown given the strength of its export performance as well as concentrated focus on the motorcycle segment, which has fared better than scooters and mopeds. This reflects in its market share gains (domestic motorcycle market share of 18.1% as of September 2019 vs. 17.5% YoY)....

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

24 Oct 2019

9135.00

1.52%

Bajaj Auto: Q2FY20 Result Review

Hold: Bajaj Auto Ltd.

Target

IDBI Capital

Bajaj Auto (BJAUT) Q2FY20 result was below our and above consensus estimates at operating level. EBITDA margin for the quarter stood at 16.6% vs our and consensus estimates of 17.2% and 15.7%. We cut our FY20/FY21 volume estimates by 4%/5% respectively, factoring the current slowdown. We expect two-wheeler industry volumes to be weak over the next 12 months, as cost increases (BSIV to BSVI transition) would hurt 2W industry demand. We cut our revenue and earnings estimates for FY20/FY21 by 3%/8% and 7%/12% respectively on account of lower volumes and higher promotion expenses. We have built in revenue/earnings CAGR of 5%/7% over FY19-21E with ROE...

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto Ltd.

23 Oct 2019

9135.00

1.52%

A successful reincarnation: Can Bajaj Auto do a MINI with the Chetak?

Business Standard

Here's how the company plans to disrupt the EV market with the new avatar of a classic

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Bajaj Auto revs up its Q2 performance, investors give a thumbs up to the stock

livemint | 23 Oct 2019 8 more

Bajaj Auto Ltd.

23 Oct 2019

9135.00

1.52%

Improving product mix aids Bajaj Auto's better-than-expected show in Q2

Business Standard

Volume outlook - amid high inventory - remains hazy

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

23 Oct 2019

9135.00

1.52%

Bajaj Auto : Demand seems to have bottomed out

Buy: Bajaj Auto Ltd.

Recommendation Target

LKP Securities

New launches and festive season provide a ray of hope In the domestic MC business, Bajaj launched CT 110 and Platina 110 variants in June-July. They contributed bulk of the CT and Platina sales. Q2 reported a big fall in domestic MC sales at 25% yoy, while in H1, it fell by 12% yoy. With BS VI implementation around the corner, the company...

Bajaj Auto Ltd. has an average target of 9897.75 from 12 brokers.

Is Bajaj Auto Ltd. worth buying?

478 Votes:

Buy 71.55%

Sell 17.15%

Hold 11.3%

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