Sell Bajaj Auto, target Rs 2,400: Kunal Bothra
Sell Bajaj Auto Ltd. at a price target of Rs 2400.0 and a stoploss at Rs 2500 from entry point.
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 30-09-2018, the company has reported a Consolidated sales of Rs 7831.79 Crore, up 7.77 % from last quarter Sales of Rs 7267.19 Crore and up 21.21 % from last year same quarter Sales of Rs 6461.30 Crore Company has reported net profit after tax of Rs 1151.72 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.D S Mehta, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj. Company has SRBC & Co LLP as its auditoRs As on 30-09-2018, the company has a total of 289,367,020 shares outstanding.