BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains accumulate on Bajaj Auto
Bajaj Auto's Q1 earnings were in line with expectations despite 1 per cent miss in revenue. We have increased our FY17 and FY18 earnings estimates by 5 per cent and 4 per cent respectively, on account of higher other income and a lower tax rate over FY17 and FY18.