Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
12,006.1566.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Bajaj Auto, target Rs 2,975: Manas Jaiswal

Buy Bajaj Auto Ltd. at a price target of Rs 2975.0 and a stoploss at Rs 2880 from entry point.

ETMarkets.com|
Updated: Jul 02, 2019, 09.01 AM IST
0Comments
ETMarkets.com
Buy-sale5
Manas Jaiswal of manasjaiswal.com has a buy call on Bajaj Auto Ltd. with a target price of Rs 2975. The current market price of Bajaj Auto Ltd. is Rs 2910.7. Time period given by analyst is Intra Day when Bajaj Auto Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 2880. Bajaj Auto Ltd., incorporated in 2007, has a market cap of Rs 84226.06 crore.

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers which contributed Rs 25098.64 Crore to Sales Value (98.18 % of Total Sales), Export Incentives which contributed Rs 343.43 Crore to Sales Value (1.34 % of Total Sales), Royalty Income which contributed Rs 98.68 Crore to Sales Value (0.38 % of Total Sales), Scrap which contributed Rs 21.31 Crore to Sales Value (0.08 % of Total Sales) and Other Operating Revenue which contributed Rs 1.20 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 7225.20 Crore, down -.25 % from last quarter Sales of Rs 7243.07 Crore and up 8.64 % from last year same quarter Sales of Rs 6650.81 Crore Company has reported net profit after tax of Rs 1305.05 Crore in latest quarter. The company’s top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.Anami Roy, Mr.D J Balaji Rao, Mr.Madhur Bajaj, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.Pradeep Shrivastava, Mr.Pradip Shah, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Rakesh Sharma, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj, Mrs.Lila Poonawalla. Company has SRBC & Co LLP as its auditoRs As on 31-03-2019, the company has a total of 289,367,020 shares outstanding.

Also Read

Sell Infosys, target Rs 740: Manas Jaiswal

Buy Voltas, target Rs 635: Manas Jaiswal

Sell Vedanta, target Rs 145: Manas Jaiswal

Sell Escorts, target Rs 470: Manas Jaiswal

Buy UPL, target Rs 675: Manas Jaiswal

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service