Why Sandip Sabharwal is bullish on Bajaj Auto

economictimes.indiatimes.com:

Sandip Sabharwal, asksandipsabharwal.com, says “unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.”

Do you think the risk reward continues to favour Bajaj Auto given their quarterly performance?
It does, because of the fact that the management is very credible. So when they talk of things like potential improvement in overseas as well as domestic sales, a good momentum in the festival season, as well as a pickup in the three-wheeler segment, which traditionally used to be the most profitable segment for them, we need to sit up and take notice because that indicates that the overall outlook looks good.
Unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.

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