Bajaj Auto Limited

NSE: BAJAJ-AUTO | BSE: 532977 |Industry: 2/3 Wheelers

Bajaj Auto Limited    
19 May 2017
HDFC Securities
Bajaj Autos 4Q EBITDA at Rs 9.06bn (-21% YoY) and margin at 18.5% came in below estimates, owing to 187bps YoY fall in gross margin and higher `other expenses?. Net revenue came in at Rs 49bn (-8.6% YoY), owing to a fall in volumes (-9.7%YoY).
Bajaj Auto Limited is trading below it's 50 day SMA of 2838.38
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