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BAJAJ AUTO LTD.

NSE : BAJAJ-AUTOBSE : 532977ISIN CODE : INE917I01010Industry : Automobile Two & Three WheelersHouse : Bajaj
BSE2896.50-37.8 (-1.29 %)
PREV CLOSE ( ) 2934.30
OPEN PRICE ( ) 2945.00
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 42528
TODAY'S LOW / HIGH ( )2885.00 2945.00
52 WK LOW / HIGH ( )1793.1 3315
NSE2897.10-35.3 (-1.2 %)
PREV CLOSE( ) 2932.40
OPEN PRICE ( ) 2942.05
BID PRICE (QTY) 2897.10 (228)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 1126391
TODAY'S LOW / HIGH( ) 2884.00 2946.00
52 WK LOW / HIGH ( )1788.65 3315.15
AnalystDate21 May 2020
BSECode532977
BlogURLNA
NoteDescriptionThe demand situation is expected to remain benign in 1HFY21 and the pick up may come only by 4QFY21. However, recovery in domestic markets may continue to be slow as compared to export markets. Also, the buying pattern may also get tilted towards lower priced vehicles as only serious buyers may purchase vehicles in next couple of quarters. Going ahead, the company is planning to expand its reach in ASEAN markets (specially Indonesia and Thailand) in near term and waiting for the right time to enter Brazil market with premium motorcycles. We maintain BUY rating with previous target price of Rs.3135. Currently the company is trading at 14x FY20 EPS.
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