Buy Bajaj Auto, target Rs 3,350: Kunal Bothra
Buy Bajaj Auto at a price target of Rs 3,350 and a stop loss at Rs 3,000 from entry point.
By ETMarkets.com |
Independent analyst Kunal Bothra has a buy call on Bajaj Auto with a target price of Rs 3,350.
The current market price of Bajaj Auto is Rs 3,118.05.
Time period given by analyst is intraday when Bajaj Auto price can reach defined target.
Kunal Bothra recommended to keep stoploss at Rs 3,000.
Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 87,448.16 Crore) operating in Auto sector.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 5,328.48 Crore, up 10.89 per cent from last quarter Sales of Rs 4,805.03 Crore and down 10.96 per cent from last year same quarter Sales of Rs 5,984.41 Crore.
Company has reported net profit after tax of Rs 789.68 Crore in latest quarter.
The company’s top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.D J Balaji Rao, Mr.D S Mehta, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj.
Company has SRBC & Co LLP as its auditors.
As on 31-03-2017, the company has a total of 289,367,020 shares outstanding.
The current market price of Bajaj Auto is Rs 3,118.05.
Time period given by analyst is intraday when Bajaj Auto price can reach defined target.
Kunal Bothra recommended to keep stoploss at Rs 3,000.
Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 87,448.16 Crore) operating in Auto sector.
For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 5,328.48 Crore, up 10.89 per cent from last quarter Sales of Rs 4,805.03 Crore and down 10.96 per cent from last year same quarter Sales of Rs 5,984.41 Crore.
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Company has reported net profit after tax of Rs 789.68 Crore in latest quarter.
The company’s top management includes Dr.Gita Piramal, Dr.Naushad Forbes, Dr.Omkar Goswami, Mr.D J Balaji Rao, Mr.D S Mehta, Mr.Madhur Bajaj, Mr.Manish Kejriwal, Mr.Nanoo Pamnani, Mr.Niraj Bajaj, Mr.P Murari, Mr.Pradeep Shrivastava, Mr.Rahul Bajaj, Mr.Rajiv Bajaj, Mr.Sanjiv Bajaj, Mr.Shekhar Bajaj.
Company has SRBC & Co LLP as its auditors.
As on 31-03-2017, the company has a total of 289,367,020 shares outstanding.
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