Buy Bajaj Auto, target price Rs 10850: JM Financial
Synopsis
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 267140.13 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-2024.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 11914.94 Crore, down -4.85 % from last quarter Total Income of Rs 12521.66 Crore and up 29.61 % from last year same quarter Total Income of Rs 9192.73 Crore. Company reported net profit after tax of Rs 1927.49 Crore in latest quarter.
Promoters held 55.06 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.53 per cent, DIIs 8.45 per cent.
(You can now subscribe to our ETMarkets WhatsApp channel)