scorecardresearchBajaj Auto shares drop over 1.5% after November sales dip 19%
Mintgenie

Bajaj Auto shares drop over 1.5% after November sales dip 19%

Team MintGenie
Updated: 01 Dec 2022, 11:28 AM IST
TL;DR.

Bajaj Auto said its exports last month were down 30 per cent at 1,53,836 units, as against 2,20,521 units in the same month last year.

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 Thursday reported a 19 per cent decline in total sales at 3,06,552 units in November, compared to 3,79,276 units in the same month a year ago.

Total sales in the domestic market stood at 1,52,716, down 4 per cent from 1,58,755 units in the same month last year, the company said in a regulatory filing.

Bajaj Auto said its exports last month were down 30 per cent at 1,53,836 units, as against 2,20,521 units in the same month last year. 

Share prices of Bajaj Auto fell 1.55%, at ₹3,692 per share on the BSE, down ₹58.15 at 11.25 am.

First Published: 01 Dec 2022, 11:27 AM IST

Topics to follow