Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
2788.70
Change Change %
29.40 1.07%

Updated:25 Sep, 2018, 15:55 PM IST

BSE
2787.95
Change Change %
31.60 1.15%

Updated:25 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
27-05-2016 Buy 2500.60 2594.00
N/A
Target Hit Long (1Y)
27-05-2017

Nirmal Bang maintains accumulate on Bajaj Auto

Bajaj Auto's Q4 earnings were in line with estimates. Raw material cost has bottomed out, so we expect EBITDA margin to be 20.2 per cent for next two years compared to 21.1 per cent in FY16.We have cut FY17 earnings estimate by 8 per cent, largely on account of a 9 per cent reduction in volume estimates.

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