Quote on Bajaj Consumer - 4QFY21 By Mr. Yash Gupta, Angel Broking Ltd
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Company reported EBITDA of 75.79 crores up by 237% from 22.48 crores in Q4FY20 which is above expectations. company reported margins at 30.4% as compared to 12.6% in Q4FY20. Profit after tax for the quarter was up by 135% at ₹54.74 crores in Q4FY21 as compared to ₹23.3 crores in Q4FY20.
Company reported a very good set of numbers but last year Q4FY20 was the low base due to covid related issues. If we compare this quarter's results to last quarter then the growth was flat. We expect some buying in stock on tuesday.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
