Bajaj Auto
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BajajAuto share price target around Rs 3250 by Sharekhan |
| ShareKhan one of Indian biggest brokerage and research company has given a hold on Bajaj Auto with a stock price target around Rs. 3250. They said that company results were marginally ahead of estimates. Net profit estimates were missed because of higher taxes. Volume outlook healthy but operating margins to remain under pressure on the back of continued strategy to prioritise market share over profitability. |
BajajAuto to roll out new bike models this year |
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Bajaj Auto is the India`s second largest motorcycle maker by sales volume and is planning to add new products in its portfolio. Company has sold more than 742,000 units of its 100cc CT model in FY19. Sales of the Platina rose 44% last fiscal to 626,000 units Company is planning to add more mid segment motorcycle in the next 3-4 months to intensify its rivalry with Hero Motocorp. Rakesh Sharma, executive director, Bajaj Auto hoping that their new product will help to boost their market share. Motorcycles with 100cc-110cc engines comprise the entry-level category, while 125cc models are termed as executive. Suggested reading – L&T intraday tips. |
Bajaj Auto share price target : For tomorrows trading intraday stock can test 2970 if breaks 2940 : Updated for 13th June 2018. |
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Bajaj Auto holding strong at current levels, for tomorrows trading (14-06-2018) intraday stock can see bulls action once it breaks and holds above 2940. If stays above 2940 then for intraday Bajaj Auto share price target around 2970 and 2985. Bajaj Auto today (13-06-2018) closed with a gain of Rs.20.75 up by +0.72% at Rs. 2908 at NSE. Stock was on news : – BAJAJ PULSAR 150 CLASSIC LAUNCHED IN INDIA AT RS 67,437. |