scorecardresearchBajaj Auto reports 2% dip in total sales in September; shares fall

Bajaj Auto reports 2% dip in total sales in September; shares fall

Updated: 03 Oct 2022, 11:11 AM IST
TL;DR.

Bajaj Auto on Monday reported 2 per cent dip in total sales at 3,94,747 units for September 2022 as compared to the year-ago period. Shares of the company were trading at 3,479 per share, down 1.34% on the BSE at 11.10 am.

Bajaj Auto: The brokerage has a 'buy' call on the stock with a target at  <span class='webrupee'>₹</span>4,250 per share, indicating an upside of 20 percent. Bajaj Auto is well-placed to capitalize on demand normalization and premiumization trends which should support profitability and operational performance going forward. Moreover, Axis expects the company to gain further market share in exports, driven by its market leadership position. Bajaj Auto remains its preferred pick in the 2-Wheeler segment given reasonable valuations and strong medium-term growth prospects.

Bajaj Auto: The brokerage has a 'buy' call on the stock with a target at 4,250 per share, indicating an upside of 20 percent. Bajaj Auto is well-placed to capitalize on demand normalization and premiumization trends which should support profitability and operational performance going forward. Moreover, Axis expects the company to gain further market share in exports, driven by its market leadership position. Bajaj Auto remains its preferred pick in the 2-Wheeler segment given reasonable valuations and strong medium-term growth prospects.

(PTI) Bajaj Auto on Monday reported 2 per cent dip in total sales at 3,94,747 units for September 2022 as compared to the year-ago period. Shares of the company were trading at 3,479 per share 

In September last year, the company clocked sales of 4,02,021 vehicles.

Total two-wheeler sales last month declined 4 per cent to 3,48,355 units from 3,61,036 units in the same month last year, the company said in a regulatory filing.

However, total commercial vehicle sales during the month under review went up 13 per cent to 46,392 units as against 40,985 vehicles in September 2021.

Exports last month were down 33 per cent to 1,40,083 units from 2,09,673 units in the year-ago period, the company said.

First Published: 03 Oct 2022, 11:11 AM IST