Buy Bajaj Auto, target Rs 3090.0 : Kotak Securities Limited

Kotak Securities has a buy call on Bajaj Auto Ltd. with an intra-day target price of Rs 3090.0 .The current market price of Bajaj Auto Ltd. is Rs 3007.65 Time period given by analyst is Intra Day when Bajaj Auto Ltd. price can reach defined target. Kotak Securities Limited recommended to keep stoploss at Rs 2940.0 .

Bajaj Auto Ltd., incorporated in the year 2007, is a largecap company with a market cap of ₹ 86759.47 crore operating in Auto sector.

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - Vehicles which contributed ₹ 20974.55 Cr to Sales Value (87.46 % of Total Sales), Auto Spare Parts (Trading) which contributed ₹ 2259.20 Cr to Sales Value (9.42 % of Total Sales), Export Incentives which contributed ₹ 330.63 Cr to Sales Value (1.37 % of Total Sales), Auto Spare Parts which contributed ₹ 282.39 Cr to Sales Value (1.17 % of Total Sales), Royalty Income which contributed ₹ 58.07 Cr to Sales Value (0.24 % of Total Sales), Scrap which contributed ₹ 46.11 Cr to Sales Value (0.19 % of Total Sales), Vehicles - Trading Items which contributed ₹ 30.10 Cr to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 4975.56 Cr., down -16.37% from last quarter Sales of ₹ 5949.32 Cr. and down -8.64% from last year same quarter Sales of ₹ 5446.13 Cr. Company has reported net profit after tax of ₹ 924.12 Cr. in latest quarter. The company’s CEO is Mr.Rajiv Bajaj. It's Board of Directors include Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj, Mr.Abraham Joseph, Mr.Amit Nandi, Mr.Amrut Rath, Mr.Eric Vas, Mr.J Sridhar, Mr.Kevin D’sa, Mr.R C Maheshwari, Mr.Rakesh Sharma, Mr.S Ravikumar, Dr.Gita Piramal, Mr.D J Balaji Rao, Mr.D S Mehta, Mr.J Sridhar, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Naresh Chandra, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj. Company has its registered office at Mumbai-Pune Road,, Akurdi, Pune, 411035, Maharashtra. Company has Dalal & Shah LLP as its auditors. As on 31-03-2017, the company has a total of 289,339,228 shares outstanding.