Bajaj Auto Ltd.

NSE: BAJAJ-AUTO | BSE: 532977 | ISIN: INE917I01010 |Industry: 2/3 Wheelers
|Expensive Performer

Bajaj Auto Ltd.    
12 Mar 2019
2940.00
0.01%
buy
Geojit BNP Paribas
EBITDA margin came in at 15.6% down by 397bpsYoY due to a) higher commodity cost b) higher discounts c) lower than expected forex realizations. PAT grew by 16%YoY due to higher other income We expects the EBITDA margin to be in range of 16-17% due to competition in the commuter segment. Given its strong brands and robust distribution network, BAL is in a superior position to benefit from export market. We expect revenue CAGR of 10% over FY19E-21E led by strong rural demand, new planned launches and export sales, will drive volume growth....
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Geojit BNP Paribas decreased Buy price target of Bajaj Auto Ltd. to 3294.0 on 12 Mar, 2019.
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