Bajaj Auto

PINC Result Review – Bajaj Auto

Bajaj-autoSuperlative Performance; Robust Guidance

Bajaj Auto's (BJAUT) Q3FY11 results with a reported profit of Rs6.7bn were ahead of our profit estimates of Rs6.1bn. The price hikes taken during the quarter and a richer product mix helped the company maintain its per vehicle EBIDTA at ~Rs9k/ unit. Due to high cash accruals, other income almost tripled to Rs1bn. Adjusted profit increased by 40.4% YoY to Rs6.7bn.

Buy Bajaj Auto With Stop Loss Of Rs 1251

Buy Bajaj Auto With Stop Loss Of Rs 1251Technical analyst Jatinder Sharma has maintained 'buy' rating on Bajaj Auto Limited stock with a price target of Rs 1307.

Mr. Sharma said that the investors can purchase the stock with a stop loss of Rs 1251.

The analyst also said that the said target can be attained within a period of 2-3 trading sessions.

Today, the stock of the company opened at Rs 1270.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 830 on BSE.

Buy Bajaj Auto With Target Of Rs 1855

Buy Bajaj Auto With Target Of Rs 1855PINC Research has maintained 'buy' rating on Bajaj Auto Limited with a price target of Rs 1855 in its report dated January 17, 2011.

Today, the stock of the company opened at Rs 1247 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 830 on BSE.

Current EPS & P/E ratio stood at 81.86 and 15.45 respectively.

During the last month of 2010, Bajaj Auto's total sales grew by 10% to 276,803 units as against 252,004 units during the corresponding period of 2009.

Bajaj Auto Preview Highlights : PINC Research

Bajaj Auto Preview Highlights : PINC ResearchBajaj Auto (BJAUT) volumes in Q3FY11 were up 27% to 947k units, marginally below 1mn mark which it reached in previous quarter. Domestic motorcycle sales were higher by 22.8% to 599k units. New launches Pulsar135 and Discover twins continue to perform well. The Pulsar and Discover brands account for 70% of total volumes. Domestic three wheeler sales were up 9.1% to 51k units. Exports suffered in November due to logistic issues and were marginally up 8.3% to 297k units.

Hero Honda Motors and Bajaj Auto Company Performance : PINC RESEARCH

Hero Honda Motors and Bajaj Auto Company Performance : PINC RESEARCHHero Honda reported dispatches of 501K units for the month of December '10. This was significantly higher than our estimates of 425k units. YTDFY11, the company has clocked a growth of 15.7% to 3.95mn units.

We believe that post separation from JV partner Honda, Hero Honda due to its understanding of the consumer taste and wide distribution network will be able to retain its leadership position in the Indian two-wheeler market.

Buy Bajaj Auto With A Target Of Rs 1520

Buy Bajaj Auto With A Target Of Rs 1520Technical analyst Jatinder Sharma has maintained 'buy' rating on Bajaj Auto Limited stock with a target of Rs 1520.

The analyst said that the stock can be purchased with a stop loss of Rs 1430.

Mr. Sharma said that the said target can be attained within a period of 2-3 trading sessions.

The stock of the company, on December 27, closed at Rs 1454.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 830 on BSE.

Current EPS & P/E ratio stood at 81.86 and 17.88 respectively.

Sell Bajaj Auto With Target Of Rs 1450

Sell Bajaj Auto With Target Of Rs 1450Technical analyst Rajesh Satpute has maintained 'sell' rating on Bajaj Auto Ltd stock with a target of Rs 1450.

According to analyst, the investors can sell the stock with stop loss of Rs 1575.

The stock is in declining mood so it's better to sell the stock in today's session.

After selling the stock, the interested investors can enter the stock again with long term view.

Today, the stock of the bank opened at Rs 1460 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 822 on BSE.

Buy Bajaj Auto With Target Of Rs 1690

Buy Bajaj Auto With Target Of Rs 1690Stock market analyst D Prasad said that the investors can buy Bajaj Auto Ltd stock with a 2-3 day target of Rs 1690.

According to Mr. Prasad, it is better to buy stock above Rs 1650 with a stop loss of Rs 1628.

Today, the stock of the company opened at Rs 1636.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1647 and a low of Rs 742.50 on BSE.

Current EPS & P/E ratio stood at 81.86 and 20.17 respectively.

Bajaj motorcycle sales jump 26 pc in September

Bajaj motorcycle sales jump 26 pc in SeptemberThe second biggest two- wheeler manufacturer in India, Bajaj Auto reported the highest ever sales in its history of motorcycle sales in a month today – that of 3,14,515 units for the month of September, recording a 26.24 per cent leap for the same month last year.

Last year, Bajaj Auto had made a sale of 2,49,133 units in September, according to a statement made by the company.

The highest sales figure achieved by the company, based in Pune, was made especially by the robust performance by its premium motorbikes Pulsar and Discover 100.

Buy Bajaj Auto With Stop Loss Of Rs 1470

Bajaj autoStock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Bajaj Auto Limited stock with a target of Rs 1525.

According to analyst, the interested investors can buy the stock with stop loss of Rs 1470.

As per Mr. Zaveri, the said target will be achieved in 4-5 trading sessions.

Today, the stock of the company opened at Rs 1502 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1525 and a low of Rs 703 on BSE.

Current EPS & P/E ratio stood at 73.79 and 20.28 respectively.

Buy Bajaj Auto With Target Of Rs 1500

Buy Bajaj Auto With Target Of Rs 1500Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Bajaj Auto Ltd stock with a short term target of Rs 1500.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 1432.

The stock of the company, on Sep 24, closed at Rs 1445.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1525 and a low of Rs 703 on BSE.

Current EPS & P/E ratio stood at 73.79 and 19.96 respectively.

Bajaj Finserv hikes its holding in Bajaj Auto

Bajaj Finserv hikes its holding in Bajaj Auto  The finance arm of the second largest two wheeler manufacturer in the Indian market, Bajaj Finserv has recently said that it has picked up an additional 4.37 per cent stake in Bajaj Auto Finance.

While the value of the deal is pegged at Rs. 111.33 crore, it is to be mentioned here that the company bought close to 16,01,900 shares which come out to be close to 4.37% at a price of Rs. 695 per share.

Bajaj turns experimental on Pulsar

Bajaj turns experimental on Pulsar   While the two-wheeler major Bajaj Auto has been known as a true engineering company for the past many decades but as the Indian consumer is maturing with time, the company has rightfully altered bits of its marketing strategy.

Rather than focusing on the traditional media like TV and print advertising, the company has been focusing on interactive and experimental platforms in the recent past to make sure that the consumer gets the feel of the brand and its products.

Rural expansion - a boon for Bajaj

Rural expansion - a boon for Bajaj While one cannot show back to the fact that the Hero Honda still has the most extensive networks in the Indian two-wheeler industry but the second-largest player, Bajaj Auto is catching up fast.

In fact, the company has recently said that it has clocked the highest sales for its Discover and Pulsar models in the country.

It is to be mentioned here that Bajaj is expanding very fast in the rural areas and hence is reaping rich dividends from it. While the company posted the highest ever three-wheeler sales in the month of August, the two-wheeler sales for Bajaj Auto stood at 2,89,176 units.

Bajaj, Kawasaki, KTM looking for a joint deal

Rajiv BajajPerhaps even the slot of India's second-largest two-wheeler manufacturer and the world's fourth largest position is not sufficient enough for the MD of Bajaj Auto, Rajiv Bajaj.

It has been learned that the top manager at Bajaj is now looking at Austria's sports bike maker KTM and Japan's Kawasaki, the allies of the company to strike a joint deal together. It is expected that the deal, if goes through, among the three parties will create a powerhouse in the two-wheeler industry.

More consolidation in Bajaj Auto

Rahul BajajEven after the family split that happened in the Bajaj family a few years back, perhaps there is still room for more consolidation in the Group. Under a recent deal that took place on the bourses, Bajaj Auto Chairman Rahul Bajaj today hiked his stake in the company.

While the deal took place through a open market purchase of 5.90 lakh shares for Rs 164 crore, it is believed that the deal was a part of the consolidation drive in the Group.

If one goes by the block deal data that is available on the Bombay Stock Exchange, Rahul Bajaj purchased 5,90,000 shares (or a 0.40 per cent stake) for about Rs 164.04 crore.

Bajaj’s sales up 55%

Bajaj’s sales up 55%  The second largest home-grown two-wheeler manufacturer, Bajaj Auto has been one of the most interesting case studies in the management schools.

A company which was facing one of the most toughest times ever close to an year back has been able to make a perfect rebound in the domestic circuit.

In fact, according to the sales figures released by the company for the month of August 2010, it has clocked an all-time high monthly sales of 3,29,364 units in the month of August, filing a 55 per cent growth over the corresponding period in the last year.

Bajaj set for growth

Bajaj set for growthThe second-largest two-wheeler major in the country, Bajaj Auto is surely one of the most promising names in the two-wheeler circuit in the country but the company in constantly hungry for more.

In fact, while the company has had a heady run with the Pulsar and Discover motorcycles, the two-wheeler major is now preparing the groundwork for the next phase of growth.

Rajiv Bajaj, Managing Director, Bajaj Auto said that the company is preparing a new onslaught of products. In fact, Bajaj also said that it could be a new Pulsar or a Discover form the company or a new product altogether.

Bajaj to bring high-end Pulsars

Bajaj-PulsarsWhile on the one end, Bajaj has been able to get a better grip in the Indian market with the launch of the 100cc models in the Indian market over the past few years, but the company is very much sure of not losing out on the premium segment as well. It is to be mentioned here that the company is a market leader in the premium segment with its Pulsar range of models in the domestic circuit.

Moreover, the company is planning to launch the range of high-end Pulsars by next year.

Bajaj's IPO oversubscribed 10.5 times

Bajaj's IPO oversubscribed 10.5 timesThe Rs. 297 crore initial public offer (IPO) from Bajaj Corporation has been able to outperform the expectations and has seen an over subscription by over 10.5 times. This happened on the third day of the issuing and happened mostly because of the high demand from the institutional investors.

The company is mainly into the business of making hair oil. The issue received a total bid of Rs. 3.88 crore during this period, said the data available with the NSE.

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