BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities Recommends 'Add' On Bajaj Auto
According to HDFC Securities, the COVID-19 lockdown in April has impacted Bajaj Auto's profitability, but there has been a sharp pick-up in its two-wheeler domestic volumes in June and July. The higher value three-wheeler segment remains adversely impacted and is unlikely to revive soon as school activity, and office-related travel are yet restricted, adds the brokerage, which maintains a mixed outlook on the stock.