Buy Bajaj Auto, target price Rs 4200: Axis Securities

Axis Securities has buy call on Bajaj Auto with a target price of Rs 4200. The current market price of Bajaj Auto is Rs 3629.7. Time period given by analyst is one year when Bajaj Auto Ltd. price can reach defined target.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 104917.25 Crore) operating in Auto sector.

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Export Incentives, Other Operating Revenue, Royalty Income and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 8263.70 Crore, down -11.80 % from last quarter Total Income of Rs 9369.31 Crore and down -6.94 % from last year same quarter Total Income of Rs 8879.70 Crore. Company reported net profit after tax of Rs 1464.11 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.49 per cent, DIIs 13.18 per cent.