Buy Bajaj Auto, target price Rs 10850: JM Financial
Bajaj Auto with a target price of Rs 10850. The current market price of Bajaj Auto Ltd. is Rs 9584.
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 267140.13 Crore) operating in Auto sector.
Bajaj Auto Ltd. key Products/Revenue Segments include Automobile — 2 & 3 Wheelers, Export Incentives, Other Operating Revenue, Royalty Income and Scrap for the year ending 31-Mar-2024.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 11914.94 Crore, down -4.85 % from last quarter Total Income of Rs 12521.66 Crore and up 29.61 % from last year same quarter Total Income of Rs 9192.73 Crore. Company reported net profit after tax of Rs 1927.49 Crore in latest quarter.
Promoter/FII Holdings Promoters held 55.06 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.53 per cent, DIIs 8.45 per cent.
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