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Electric 2-wheeler sales see 29 pc growth in India in Nov India saw 29 per cent growth (year-on-year) in electric two-wheeler (e2W) sales in the month of November at 118,924 units, which took cumulative 11-month sales of e2Ws to 1.07 million units.  It was the third best month for the electric two-wheeler industry this year, after October (219,018 units) and March (213,064 units). The e2W retail sales of 118,924 units accounted for a 62 per cent share of total EV sales at 191,513 units (up 24 per cent YoY). As per the latest Vahan data...
Electric 2-wheeler sales see 29 pc growth in India in Nov
Electric 2-wheeler sales see 29 pc growth in India in Nov
Source: IANS
2024-12-02 08:52:25 am
Bajaj Auto falls despite reporting marginal rise in October sales Bajaj Auto is currently trading at Rs. 9401.75, down by 476.50 points or 4.82% from its previous closing of Rs. 9878.25 on the BSE. The scrip opened at Rs. 9899.70 and has touched a high and low of Rs. 9899.70 and Rs. 9385.00 respectively. So far 25053 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12772.15 on 27-Sep-2024 and a 52 week low of Rs. 5,320.00 on 03-Nov-2023. Last one week high and low of the scrip...
Bajaj Auto falls despite reporting marginal rise in October sales
Bajaj Auto falls despite reporting marginal rise in October sales
Source: Accord Fintech
2024-11-04 12:12:53 pm
Electric two-wheeler sales grew 85 per cent in October  Festive season turned out to be an electrifying month for EV two-wheeler manufacturers as retail sales of Electric two-wheelers increased 85 per cent on a YoY (Year on Year) basis to 1,39,031 units in October 2024.  Last year this figure was 75,164 units. The increasing sales of EV vehicles show that the trend is now gradually shifting from petrol vehicles to electric vehicles. A total of 9,54,164 electric two-wheelers were sold in the first 10 months of the calendar year ...
Electric two-wheeler sales grew 85 per cent in October
Electric two-wheeler sales grew 85 per cent in October
Source: IANS
2024-11-03 02:14:20 pm
Buy Bajaj Auto Ltd For Target Rs. 12,483 By Choice Broking Ltd * In Q2FY25, Bajaj Auto delivered a well balanced performance supported by healthy volume growth, dollar realization and superior product mix in domestic market. Revenue during the quarter was up by 21.8% to Rs.131bn (vs est of Rs.134bn) backed by 16.2% growth in volume and 4.8% increase in ASP on YoY basis. Operating leverage and PLI incentive helps to sustain the margin above 20%, margin expanded by 41bps on YoY basis to 20.2% (est of 20.5%). EBIDTA grew by 24.3% to Rs.26.5bn ( est Rs27.4bn...
Buy Bajaj Auto Ltd For Target Rs. 12,483 By Choice Broking Ltd
Buy Bajaj Auto Ltd For Target Rs. 12,483 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-10-22 03:07:50 pm
Buy Bajaj Auto Ltd For Target Rs. 11940 By LKP Securities Limited Volume drivers remain intact, margins remain superior Bajaj Auto Limited (Bajaj) reported Q2 FY25 topline growth of 20.6% yoy and 10% qoq as volumes in the domestic markets were up by 22% yoy on demand uptick seen in both 3W and 2W industry. During the quarter, domestic motorcycles grew by 26% yoy. The growth was due to success of >125 cc bikes, Triumph expansion, EV 3W and Chetak success. Exports grew steadily by 7% as well on a yoy basis as LATAM grew well and Africa showed slow recov...
Buy Bajaj Auto Ltd For Target Rs. 11940 By LKP Securities Limited
Buy Bajaj Auto Ltd For Target Rs. 11940 By LKP Securities Limited
Source: LKP Securities Limited
2024-10-20 10:46:40 am
Neutral Bajaj Auto Ltd For Target Rs. 11,450 By Motilal Oswal Financial Services Ltd Margins remain stable despite adverse mix Festive demand starts off below expectations * BJAUT's 2QFY25 performance was in line with our estimates. EBITDA margin remained stable QoQ at 20.2% as the impact of an adverse mix and raw material inflation was offset by price hikes, favorable forex rates, and operating leverage benefits. However, the festive season has started on a weak note, with the industry posting just 1-2% YoY growth as of Dussehra and expecting 3-5% YoY growth during...
Neutral Bajaj Auto Ltd For Target Rs. 11,450 By Motilal Oswal Financial Services Ltd
Neutral Bajaj Auto Ltd For Target Rs. 11,450 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-10-19 09:09:12 am
India's Bajaj Auto sinks nearly 8% after concerns of slowing sales, weak outlook Shares of Indian motorcycle maker Bajaj Auto dropped nearly 8% on Thursday as analysts expressed concerns over the 'Pulsar' manufacturer's slowing domestic sales and a weak sales outlook for the ongoing festive season. Bajaj Auto reported quarterly profit growth and margins that largely met expectations, according to analysts, who, however, noted that the stock's current valuation appeared to have priced in all positives. In an analyst call on Wednesday, Executive Direct...
India's Bajaj Auto sinks nearly 8% after concerns of slowing sales, weak outlook
India's Bajaj Auto sinks nearly 8% after concerns of slowing sales, weak outlook
Source: Reuters
2024-10-17 10:16:58 am
India`s Bajaj Auto posts bigger Q2 profit as motorcycle sales jump India's Bajaj Auto posted a 21% rise in second-quarter adjusted profit on Wednesday, helped by higher domestic sales of its motorcycles. The 'Pulsar' motorcycle maker reported a standalone adjusted profit of 22.16 billion rupees ($263.8 million) in the quarter, compared with 18.36 billion rupees a year earlier. However, including a deferred tax liability of 2.11 billion rupees, Bajaj's profit grew only 9% to 20.05 billion rupees. The tax liability was to account for a ch...
India`s Bajaj Auto posts bigger Q2 profit as motorcycle sales jump
India`s Bajaj Auto posts bigger Q2 profit as motorcycle sales jump
Source: Reuters
2024-10-16 05:09:03 pm
Buy Bajaj Auto Ltd For Target Rs.10705 By Motilal Oswal Financial Services Ltd Volume growth to moderate in the domestic market Freedom 125’s initial feedback is encouraging We met with the management of Bajaj Auto (BJAUT) to get an update on the different segments of the business. The management anticipates a 7-8% volume growth in the domestic 2W industry in FY25E as it expects growth to moderate in H2 due to a high base YoY. In exports, the strong demand in Latin America and ASEAN is being offset by the continued slowdown in Africa and Bangladesh, and the ...
Buy Bajaj Auto Ltd For Target Rs.10705 By Motilal Oswal Financial Services Ltd
Buy Bajaj Auto Ltd For Target Rs.10705 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-18 01:44:11 pm
Ola Electric shares continue to slide, lose over 30 pc from all-time high Ola Electric shares continued to slide on Wednesday --- its sixth consecutive session of decline – as its stock lost more than 30 per cent from its recent all-time peak of Rs 157.40 apiece.  The Bhavish Aggarwal-run company’s stock dropped 3 per cent to Rs 110 per share. It was, however, still up 45 per cent from its initial public offering (IPO) price of Rs 76 apiece. Market experts said that the company’s stock is not looking good and can even slip further from ...
Ola Electric shares continue to slide, lose over 30 pc from all-time high
Ola Electric shares continue to slide, lose over 30 pc from all-time high
Source: IANS
2024-09-04 04:33:26 pm
Bajaj Auto gains on reporting 16% rise in August sales Bajaj Auto is currently trading at Rs. 11005.70, up by 109.60 points or 1.01% from its previous closing of Rs. 10896.10 on the BSE. The scrip opened at Rs. 10920.00 and has touched a high and low of Rs. 11151.00 and Rs. 10915.60 respectively. So far 9483 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 11151.00 on 2-Sep-2024 and a 52 week low of Rs. 4,613.30 on 01-Sep-2023. Last one week high and low of the scri...
Bajaj Auto gains on reporting 16% rise in August sales
Bajaj Auto gains on reporting 16% rise in August sales
Source: Accord Fintech
2024-09-02 12:05:13 pm
Key PLI schemes bring significant boost to local EV manufacturing in India To bolster the domestic electric vehicle (EV) manufacturing, the government’s production-linked incentive (PLI) scheme with an approved outlay of Rs 25,938 crore, along with some other key initiatives, have brought a significant change for the industry.  The Centre has already approved 50 of the 74 applications it received from automakers for the PLI schemes in the EV sector, and remaining 24 applications are under review. According to approved applicants under the main PLI s...
Key PLI schemes bring significant boost to local EV manufacturing in India
Key PLI schemes bring significant boost to local EV manufacturing in India
Source: IANS
2024-08-25 12:51:52 pm
India's TVS Motor beats Q1 profit view on strong demand, margins Indian two-wheeler maker TVS Motor Company reported a better-than-expected first-quarter profit on Tuesday, led by firm demand for its two-wheelers and strong margins. The company, which makes the Jupiter brand of scooters and the Apache line of motorcycles, said its profit rose 23.5% to 5.77 billion rupees ($68.77 million) in the quarter ended June 30 from a year earlier. Analysts had expected 5.68 billion rupees, according to LSEG data. TVS Motor's earnings before interest, tax...
India's TVS Motor beats Q1 profit view on strong demand, margins
India's TVS Motor beats Q1 profit view on strong demand, margins
Source: Reuters
2024-08-06 05:04:18 pm
Buy Bajaj Auto Ltd For Target Rs. 10,321 By Choice Broking * In Q1FY25, Bajaj Auto delivered a well balanced performance supported by healthy volume growth, dollar realization and superior product mix in domestic market. Revenue during the quarter was up by 15.7% to Rs.119bn (vs est of Rs.120bn) backed by 7.4% growth in volume and 7.9% increase in ASP on YoY basis. Dollar realization and PLI incentive helps to sustain the margin above 20% which is better than our and street expectation, margin expanded by 130bps on YoY basis to 20.2% (est of 19....
Buy Bajaj Auto Ltd For Target Rs. 10,321 By Choice Broking
Buy Bajaj Auto Ltd For Target Rs. 10,321 By Choice Broking
Source: Choice Broking Ltd
2024-08-01 05:26:15 pm
Bajaj Auto gains on reporting 11% rise in July sales Bajaj Auto is currently trading at Rs. 9710.65, up by 47.30 points or 0.49% from its previous closing of Rs. 9663.35 on the BSE. The scrip opened at Rs. 9770.65 and has touched a high and low of Rs. 9827.65 and Rs. 9695.75 respectively. So far 1905 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10037.30 on 18-Jun-2024 and a 52 week low of Rs. 4544.00 on 14-Aug-2023. Last one week high and low of the scrip stoo...
Bajaj Auto gains on reporting 11% rise in July sales
Bajaj Auto gains on reporting 11% rise in July sales
Source: Accord Fintech
2024-08-01 10:11:48 am
Add Bajaj Auto Ltd For Target Rs.10,532 by Yes Securities PLI benefits, higher spares lend margins support Valuation and View – Sharp re-rating to limit upside as catalyst play out BJAUT’s 1QFY25 reported results though were in-line, this was supported by higher spares and accrued PLI benefits (<50bp support). EBITDA margins expanded ~130bp YoY (+20bp QoQ) at 20.2% was due to 1) favorable currency and product mix, 2) benign RM, and 3) operating leverage. We believe, margins likely to be range bound given positive impact of favor...
Add Bajaj Auto Ltd For Target Rs.10,532 by Yes Securities
Add Bajaj Auto Ltd For Target Rs.10,532 by Yes Securities
Source: Yes Securities Ltd.
2024-07-20 10:12:49 am
Buy Bajaj Auto Ltd For Target Rs. 11,000 By JM Financial Services Healthy operating performance; multiple levers to drive growth Bajaj Auto EBITDA margin at 20.2% was in-line with JMFe. 130bps YoY improvement was driven by favorable mix, cost reduction efforts and PLI incentive (c.50bps benefit). Domestic 2W demand is being led by premium segment (125cc+). And, overall 2W industry is expected to grow by c.6-8%. Recently launched CNG-bike, Freedom125, is being received well and the company indicated of gradual ramp-up in volumes. Near-term focus for Trium...
Buy Bajaj Auto Ltd For Target Rs. 11,000 By JM Financial Services
Buy Bajaj Auto Ltd For Target Rs. 11,000 By JM Financial Services
Source: JM Financial Services
2024-07-18 05:46:38 pm
Neutral Bajaj Auto Ltd For Target Rs. 8,695 By Motilal Oswal Financial Services In line; stable margin despite increase in EV mix Domestic business on firm footing; export outlook remains uncertain * BJAUT’s 1QFY25 performance was in line with our estimates. Margins remained stable QoQ, despite EV ramp-up, due to PLI accrual and favorable forex. We believe BJAUT is likely to continue to outperform the domestic motorcycle industry on the back of its focus on 125cc+ segment; however, the export outlook remains uncertain. We have marginally lowered our F...
Neutral Bajaj Auto Ltd For Target Rs. 8,695 By Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd For Target Rs. 8,695 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-18 04:23:02 pm
Reduce Bajaj Auto Ltd For Target Rs. 8,300 By Emkay Global Financial Services Steady Q1; risk-reward unattractive BJAUT reported a steady Q1 (revenue/EBITDA up 16%/24% YoY; 20.2% EBITDA margin, aided by 50bps accrual of PLI benefit). Domestic 2W prospects are healthy, though BJAUT’s position has slipped now (also in the 125cc motorcycle); response to newly-launched CNG motorcycle needs to be watched. The mgmt guided for exports recovery to be gradual, and its focus on Triumph is to build brand awareness. Valuations, though, remain expensive (trades near 2SD fr...
Reduce Bajaj Auto Ltd For Target Rs. 8,300 By Emkay Global Financial Services
Reduce Bajaj Auto Ltd For Target Rs. 8,300 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-07-18 02:01:23 pm
India`s Bajaj Auto posts Q1 profit on higher domestic sales, exports Indian automaker Bajaj Auto reported a nearly 20% rise in first-quarter profit as it sold more expensive motorcycles and exports improved, sending its shares higher. The Pulsar motorcycle maker's standalone profit after tax rose to 19.88 billion rupees ($238 million) for the three months to June 30. Analysts had expected a profit of 19.84 billion rupees, as per LSEG data. Shares of Bajaj Auto, the first Indian two-wheeler maker to report first-quarter results, rose as much as 2% ...
India`s Bajaj Auto posts Q1 profit on higher domestic sales, exports
India`s Bajaj Auto posts Q1 profit on higher domestic sales, exports
Source: Reuters
2024-07-16 02:04:03 pm
Neutral Bajaj Auto Ltd For Target Rs. 8,660 By Motilal Oswal Financial Services Bajaj’s CNG motorcycle is truly an engineering masterclass Remains to be seen whether customers change their preference to CNG BJAUT has boldly ventured into uncharted territory with the launch of the world's first CNG-integrated motorcycle, Freedom 125. This innovative product not only marks a significant milestone in the global two-wheeler industry, but also promises notable benefits to consumers and the environment alike. We are impressed with the design and engineering on di...
Neutral Bajaj Auto Ltd For Target Rs. 8,660 By Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd For Target Rs. 8,660 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-12 12:52:21 pm
Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125` Two-wheeler major Bajaj Auto on Friday launched the world’s first CNG motorcycle -- Freedom 125, in three variants.  Starting at Rs 95,000 (ex-showroom), the bike comes powered by a 125-CC engine, with the ability to toggle between petrol and Compressed Natural Gas powertrains. The CNG motorcycle was unveiled by Rajiv Bajaj, MD of Bajaj Auto, in the presence of Union Minister for Road Transport & Highways, Nitin Gadkari, in Pune. The CNG tank will be placed under the s...
Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125`
Bajaj Auto launches world's first CNG-powered motorcycle `Freedom 125`
Source: IANS
2024-07-05 04:32:51 pm
Indian carmakers post SUV-led June sales growth amid heat waves Carmakers Mahindra & Mahindra and the Indian units of Toyota Motor Corp and Kia Motor reported higher car sales in June, boosted by demand for sports utility vehicles (SUV) even as heat waves weighed on purchase decisions. Each month, automobile makers in India release wholesale numbers, or vehicle sales, to dealers. The sales numbers are seen as a key indicator of private consumption in India. The auto sector contributes around 7% to the country's economy. According to month...
Indian carmakers post SUV-led June sales growth amid heat waves
Indian carmakers post SUV-led June sales growth amid heat waves
Source: Reuters
2024-07-01 04:53:46 pm
Bajaj Auto gains on reporting 5% rise in June sales Bajaj Auto is currently trading at Rs. 9591.75, up by 92.65 points or 0.98% from its previous closing of Rs. 9499.10 on the BSE. The scrip opened at Rs. 9500.00 and has touched a high and low of Rs. 9696.55 and Rs. 9500.00 respectively. So far 1760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10037.30 on 18-Jun-2024 and a 52 week low of Rs. 4544.00 on 14-Aug-2023. Last one week high and low of the scrip stoo...
Bajaj Auto gains on reporting 5% rise in June sales
Bajaj Auto gains on reporting 5% rise in June sales
Source: Accord Fintech
2024-07-01 11:19:03 am
Chandigarh University, Bajaj Auto sign pact for skill enhancement The Chandigarh University and Bajaj Auto Ltd have signed a memorandum of understanding for a six-month skill development residential programme on the call of Prime Minister Narendra Modi.   The Bajaj Engineering Skill Training (BEST) Centre of Excellence, to come up on the varsity campus, will bring the academy closer to the industry. Its four-stage programme has been prepared by Bajaj Auto. Admission will be on the basis of merit, while there will be provision of scholarships also...
Chandigarh University, Bajaj Auto sign pact for skill enhancement
Chandigarh University, Bajaj Auto sign pact for skill enhancement
Source: IANS
2024-06-28 09:46:30 am
Bajaj Auto rises on eyeing to expand production capacities for new ventures Bajaj Auto is currently trading at Rs. 9650.20, up by 50.65 points or 0.53% from its previous closing of Rs. 9599.55 on the BSE. The scrip opened at Rs. 9580.25 and has touched a high and low of Rs. 9688.30 and Rs. 9535.00 respectively. So far 1886 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10037.30 on 18-Jun-2024 and a 52 week low of Rs. 4544.00 on 14-Aug-2023. Last one week high and low of the scrip stoo...
Bajaj Auto rises on eyeing to expand production capacities for new ventures
Bajaj Auto rises on eyeing to expand production capacities for new ventures
Source: Accord Fintech
2024-06-24 12:33:12 pm
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities Valuation and View – Volume outperformance to continue in FY25 BJAUT’s 4QFY24 results were operationally better as EBITDA came in better by 5.5- 7% to our/consensus. This was led by better then expected ASPs at Rs107.5k (est Rs104.3k). EBITDA margins expanded ~80bp YoY at 20.1% (flat QoQ) was due to 1) favorable currency and product mix, 2) benign RM, and 3) operating leverage. We believe, margins expansion to be gradual given positive impact of favorable mix (increasing share ...
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities
Source: Yes Securities Ltd.
2024-06-08 11:01:45 am
Neutral Bajaj Auto Ltd. For Target Rs.8,360 - Motilal Oswal Financial Services Ltd Domestic 2W (industry) volumes to grow 7-8% YoY in FY25E * BJAUT reported healthy 4QFY24 performance as EBITDA/PAT came in higher at INR23.1b/INR19.4b (vs. est. of INR21.6b/INR18.2b) driven by a better ASP at INR107.5k/unit (vs. est. of INR102.6k/unit). While BJAUT is likely to outperform the domestic motorcycles segment led by its healthy launch pipeline, the export outlook remains uncertain given the geopolitical headwinds in key markets. * We maintain our FY25/FY26 estimates. BJAUT h...
Neutral Bajaj Auto Ltd. For Target Rs.8,360 - Motilal Oswal Financial Services Ltd
Neutral Bajaj Auto Ltd. For Target Rs.8,360 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-06-07 10:59:47 am
Bajaj Auto surges on reporting rise in May sales Bajaj Auto is currently trading at Rs. 9375.00, up by 292.55 points or 3.22% from its previous closing of Rs. 9082.45 on the BSE. The scrip opened at Rs. 9175.00 and has touched a high and low of Rs. 9440.00 and Rs. 9135.05 respectively. So far 14566 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9440.00 on 03-Jun-2024 and a 52 week low of Rs. 4,544.00 on 14-Aug-2023. Last one week high and low of the scrip st...
Bajaj Auto surges on reporting rise in May sales
Bajaj Auto surges on reporting rise in May sales
Source: Accord Fintech
2024-06-03 11:56:07 am
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities Valuation and View – Volume outperformance to continue in FY25 BJAUT’s 4QFY24 results were operationally better as EBITDA came in better by 5.5- 7% to our/consensus. This was led by better then expected ASPs at Rs107.5k (est Rs104.3k). EBITDA margins expanded ~80bp YoY at 20.1% (flat QoQ) was due to 1) favorable currency and product mix, 2) benign RM, and 3) operating leverage. We believe, margins expansion to be gradual given positive impact of favorable mix (increasing share...
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities
Add Bajaj Auto Ltd For Target Rs.9,966 - Yes Securities
Source: Yes Securities Ltd.
2024-05-29 01:38:29 pm
Buy Bajaj Auto Ltd For Target Rs.8,398 - Religare Broking Ltd Robust overall performance: Bajaj Auto’s Q3FY24 operational revenue came in at Rs 12,114 Cr, increasing by 30% YoY/12.4% QoQ, driven by healthy volumes across segments in domestic market while exports volume remained stable on sequential basis. Consequently, the blended realizations were up by 6.5% YoY to Rs 100,347/units aided by premiumization of portfolio towards 125+cc motorcycles which stood at ~67% of overall volumes. Strong overall performance led to PAT expansion of 36.9% YoY/11...
Buy Bajaj Auto Ltd For Target Rs.8,398 - Religare Broking Ltd
Buy Bajaj Auto Ltd For Target Rs.8,398 - Religare Broking Ltd
Source: Religare Broking
2024-05-23 02:26:51 pm
Buy Bajaj Auto Ltd. For Target Rs.5,944 - Religare Broking Ltd Consistent quarter of record performance: Bajaj Auto posted strong overall performance as its Q2FY24 revenue grew by 5.6% YoY/4.6% QoQ to Rs 10,777 Cr. The growth was mainly driven by domestic business of motorcycles and 3-wheelers segment. Albeit a decline of 8.8% YoY in exports volumes, it showed sequential recovery of 7.9% and as a result it accounted for ~30% of the overall revenue while the domestic business accounted for ~70%. Consequently, PAT was reported at Rs 1,836 Cr, higher by 20%...
Buy Bajaj Auto Ltd. For Target Rs.5,944 - Religare Broking Ltd
Buy Bajaj Auto Ltd. For Target Rs.5,944 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-05-17 09:50:21 am
Reduce Bajaj Auto Ltd For Target Rs.7,900 By Emkay Global Financial Services BJAUT reported strong performance that was in-line, with margins sustaining QoQ at 20.1% (Emkay est.: 20.4%). Domestic 2W recovery continues apace, even as revival in exports is expected to be slightly gradual. BJAUT is improving its positioning in the growing 125cc category, while also ramping-up well in E3Ws (already has 60% share in some markets). However, amid the sharp runup in the stock price (valuations well above 1SD from LTA), we retain REDUCE, with revised TP of Rs7,900/share (23x c...
Reduce Bajaj Auto Ltd For Target Rs.7,900 By Emkay Global Financial Services
Reduce Bajaj Auto Ltd For Target Rs.7,900 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-05-15 10:30:59 am
Accumulate Bajaj Auto Ltd. For Target Rs.10,050 By Elara Capital Strong margin momentum maintained EBITDA per vehicle scales new high despite surge in EVs Bajaj Auto’s (BJAUT IN) Q4 EBITDA improved 34% YoY/ -5% QoQ to INR 24.3bn, with margin flat QoQ at 20.1%, as estimated. Average selling price (ASP) improved 6.6% QoQ on favorable product mix, premiumization and rising contribution from spare parts. EBITDA/vehicle scaled a life-time high at INR 21,600, up 6.7% QoQ. For FY24,...
Accumulate Bajaj Auto Ltd. For Target Rs.10,050 By Elara Capital
Accumulate Bajaj Auto Ltd. For Target Rs.10,050 By Elara Capital
Source: Elara Capital
2024-05-10 12:11:34 pm
Add Bajaj Auto Ltd. For Target Rs.9,966 By Yes Securities Valuation and View – Volume outperformance to continue in FY25 BJAUT’s 4QFY24 results were operationally better as EBITDA came in better by 5.5- 7% to our/consensus. This was led by better then expected ASPs at Rs107.5k (est Rs104.3k). EBITDA margins expanded ~80bp YoY at 20.1% (flat QoQ) was due to 1) favorable currency and product mix, 2) benign RM, and 3) operating leverage. We believe, margins expansion to be gradual given positive impact of favorable mix (increasing share ...
Add Bajaj Auto Ltd. For Target Rs.9,966 By Yes Securities
Add Bajaj Auto Ltd. For Target Rs.9,966 By Yes Securities
Source: Yes Securities Ltd.
2024-05-08 11:39:47 am
Bajaj Auto launches new flagship Pulsar at Rs 1.85 lakh  Two-wheeler major Bajaj Auto on Friday launched the highly anticipated 'Pulsar NS400Z' in the country at Rs 1,85,000 (ex-showroom). The Pulsar NS400Z will be available in four colours -- Glossy Racing Red, Brooklyn Black, Pearl Metallic White, and Pewter Grey. "It is the ultimate performance machine that will redefine the codes of sports motorcycling in India. It results from engineering expertise, cutting-edge technology, and a deep understanding of what riders truly...
Bajaj Auto launches new flagship Pulsar at Rs 1.85 lakh
Bajaj Auto launches new flagship Pulsar at Rs 1.85 lakh
Source: IANS
2024-05-03 03:14:00 pm
Bajaj Auto gains on reporting 17% rise in April sales Bajaj Auto is currently trading at Rs. 9078.75, up by 171.00 points or 1.92 % from its previous closing of Rs. 8907.75 on the BSE. The scrip opened at Rs. 8934.95 and has touched a high and low of Rs. 9099.95 and Rs. 8823.75 respectively. So far 10493 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9356.00 on 02-Apr-2024 and a 52 week low of Rs. 4427.30 on 05-May-2023. Last one week high and low of the scrip st...
Bajaj Auto gains on reporting 17% rise in April sales
Bajaj Auto gains on reporting 17% rise in April sales
Source: Accord Fintech
2024-05-02 11:40:09 am
Buy BAJAJ AUTO Ltd For Target Rs.10,138- LKP Securities Bajaj Auto Limited (BAL) reported strong volume performance in Q4 FY24 despite exports markets not yet out of the woods completely, but showed signs of recovery. The numbers were overall below the Q3 FY24 levels on seasonality. Topline growth was up 29.5% yoy and down by 5.5% qoq as volumes in the domestic markets were quite strong at 28% yoy on low base of last year and demand uptick seen in 2W industry this fiscal. The total volumes in the quarter were up 24% yoy but down by 10.7% qoq, whil...
Buy BAJAJ AUTO Ltd For Target Rs.10,138- LKP Securities
Buy BAJAJ AUTO Ltd For Target Rs.10,138- LKP Securities
Source: LKP securities Ltd
2024-04-28 01:47:34 pm
Buy Bajaj Auto Ltd For Target Rs. 8,398 - Religare Broking Robust overall performance: Bajaj Auto’s Q3FY24 operational revenue came in at Rs 12,114 Cr, increasing by 30% YoY/12.4% QoQ, driven by healthy volumes across segments in domestic market while exports volume remained stable on sequential basis. Consequently, the blended realizations were up by 6.5% YoY to Rs 100,347/units aided by premiumization of portfolio towards 125+cc motorcycles which stood at ~67% of overall volumes. Strong overall performance led to PAT expansion of 36.9% YoY/11...
Buy Bajaj Auto Ltd For Target Rs. 8,398 - Religare Broking
Buy Bajaj Auto Ltd For Target Rs. 8,398 - Religare Broking
Source: Religare Broking
2024-04-28 10:29:44 am
Buy Bajaj Auto Ltd. For Target Rs.651 - Religare Broking Ltd Robust overall performance: Bajaj Auto’s Q3FY24 operational revenue came in at Rs 12,114 Cr, increasing by 30% YoY/12.4% QoQ, driven by healthy volumes across segments in domestic market while exports volume remained stable on sequential basis. Consequently, the blended realizations were up by 6.5% YoY to Rs 100,347/units aided by premiumization of portfolio towards 125+cc motorcycles which stood at ~67% of overall volumes. Strong overall performance led to PAT expansion of 36.9% YoY/11...
Buy Bajaj Auto Ltd. For Target Rs.651 - Religare Broking Ltd
Buy Bajaj Auto Ltd. For Target Rs.651 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-04-26 03:03:35 pm
Reduce Bajaj Auto Ltd For Target Rs.6,800 - Emkay Global BJAUT’s Q3 margin performance was healthy (up 27bps QoQ to 20.1%, on better mix, operating leverage). Domestic 2W recovery continues, and is broadening (refer to ‘2Ws to re-rate further – ‘TINA’ factor at play’); however, exports revival is yet to pick up meaningfully – with commentary staying muted. Further, the best of the 3W rebound from the Covid-affected base is now behind (with E-3W emergence a structural threat to BJAUT’s most lucrative b...
Reduce Bajaj Auto Ltd For Target Rs.6,800 - Emkay Global
Reduce Bajaj Auto Ltd For Target Rs.6,800 - Emkay Global
Source: Emkay Global
2024-04-26 11:33:13 am
Accumulate Bajaj Auto Ltd For Target Rs. 10,050 - Elara Capital Strong margin momentum maintained EBITDA per vehicle scales new high despite surge in EVs Bajaj Auto’s (BJAUT IN) Q4 EBITDA improved 34% YoY/ -5% QoQ to INR 24.3bn, with margin flat QoQ at 20.1%, as estimated. Average selling price (ASP) improved 6.6% QoQ on favorable product mix, premiumization and rising contribution from spare parts. EBITDA/vehicle scaled a life-time high at INR 21,600, up 6.7% QoQ. For FY24, export volumes dipped 10.2% YoY and exports revenue declined 5.6% Yo...
Accumulate Bajaj Auto Ltd For Target Rs. 10,050 - Elara Capital
Accumulate Bajaj Auto Ltd For Target Rs. 10,050 - Elara Capital
Source: Elara Capital
2024-04-19 03:50:28 pm
Buy Bajaj Auto Ltd For Target Rs.8,360 - Motilal Oswal Financial Services Ltd Margins maintained despite lower sequential volumes Domestic 2W (industry) volumes to grow 7-8% YoY in FY25E * BJAUT reported healthy 4QFY24 performance as EBITDA/PAT came in higher at INR23.1b/INR19.4b (vs. est. of INR21.6b/INR18.2b) driven by a better ASP at INR107.5k/unit (vs. est. of INR102.6k/unit). While BJAUT is likely to outperform the domestic motorcycles segment led by its healthy launch pipeline, the export outlook remains uncertain given the geopolitical headwinds in key ma...
Buy Bajaj Auto Ltd For Target Rs.8,360 - Motilal Oswal Financial Services Ltd
Buy Bajaj Auto Ltd For Target Rs.8,360 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-04-19 12:44:48 pm
Bajaj Auto's net profit rises to Rs 2,011 crore in Q4, declares dividend of Rs 80 per share  Two-wheeler major Bajaj Auto on Thursday reported a consolidated net profit of Rs 2,011 crore for the fourth quarter of 2023-24, up from Rs 1,704.74 crore during the same period of the previous year. The bike maker posted a revenue of Rs 11,554.95 crore in the January-March quarter, up from Rs 9,192.73 crore during the same period last year. The company’s board approved a dividend of Rs 80 per share of face value of Rs 10 each on equity shares for the financial year ended Ma...
Bajaj Auto's net profit rises to Rs 2,011 crore in Q4, declares dividend of Rs 80 per share
Bajaj Auto's net profit rises to Rs 2,011 crore in Q4, declares dividend of Rs 80 per share
Source: IANS
2024-04-19 09:46:09 am
Views on Bajaj Auto Ltd. Q4 FY24 Result by Dhruv Mudaraddi, Research Analyst, StoxBox Below the Views on Bajaj Auto Ltd. Q4 FY24 Result by Dhruv Mudaraddi, Research Analyst, StoxBox   Bajaj Auto's performance has been resilient, with robust domestic growth compensating for sluggish exports amidst global challenges. Notably, dynamic P&L management, product mix enhancements, and operational efficiencies have bolstered margins, especially with the successful integration of significant investments in electric scooters. Market share gains in the domestic seg...
Views on Bajaj Auto Ltd. Q4 FY24 Result by Dhruv Mudaraddi, Research Analyst, StoxBox
Views on Bajaj Auto Ltd. Q4 FY24 Result by Dhruv Mudaraddi, Research Analyst, StoxBox
Source: PR Agency
2024-04-19 09:09:03 am
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery India's Bajaj Auto beat fourth-quarter profit estimates on Thursday, helped by strong domestic demand for its motorcycles and a recovery in two-wheeler exports. The 'Pulsar' bike-maker's standalone net profit climbed 35.1% to 19.36 billion rupees ($231.8 million) for the three months to March 31 from a year earlier. Analysts, on average, expected a profit of 18.26 billion rupees, per LSEG data. Strong domestic demand for two-wheelers, which boosted results in earlier qua...
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery
India`s Bajaj Auto beats Q4 profit estimates on demand for bikes, export recovery
Source: Reuters
2024-04-18 05:50:01 pm
Add Bajaj Auto Ltd. For Target Rs.7,921 By Yes Securities Valuation and View – EV ramp-up on track BJAUT’s 3QFY24 results were in-line where revenues grew 30% YoY (+12.4% QoQ) at Rs121.1b. ASP grew 6.5% YoY (-1.4% QoQ) at Rs100.9k/unit (in-line). EBITDA margins expanded ~30bp QoQ at 20.1% (+100bp YoY) was due to 1) favorable currency, 2) benign RM and 3) operating leverage. We believe, limited margins expansion scope ahead as we expect positive impact of favorable mix (ICE portfolio) and operating leverage to off-set by increasing EVs...
Add Bajaj Auto Ltd. For Target Rs.7,921 By Yes Securities
Add Bajaj Auto Ltd. For Target Rs.7,921 By Yes Securities
Source: Yes Securities Ltd.
2024-04-05 11:56:56 am
Neutral Bajaj Auto Ltd. For Target Rs.6775 By Motilal Oswal Financial Services In line 3Q; demand recovers across segments Domestic 2W industry volumes to grow 8-10% YoY in coming months BJAUT reported an in-line performance in 3QFY24. The company reported its highest ever EBITDA margin of 20.1%, up 100bp YoY, supported by healthy volume growth in the domestic market, better realizations, and cost control. We maintain our FY24/FY25 estimates. We now value BJAUT at ~20x Dec’25E EPS (vs. 18x Dec’25E EPS earlier) to factor in a healthy recovery in dome...
Neutral Bajaj Auto Ltd. For Target Rs.6775 By Motilal Oswal Financial Services
Neutral Bajaj Auto Ltd. For Target Rs.6775 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-03 11:26:10 am