Neutral on Bajaj Auto, target price Rs 3875: Motilal Oswal

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Neutral on Bajaj Auto, target price Rs 3875:  Motilal Oswal


Motilal Oswal has neutral call on with a target price of Rs 3875. The current market price of Bajaj Auto Ltd. is Rs 3634.2.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 105118.36 Crore) operating in Auto sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 9279.06 Crore, up 24.69 % from last quarter Total Income of Rs 7441.66 Crore and up 15.90 % from last year same quarter Total Income of Rs 8005.88 Crore. Company reported net profit after tax of Rs 1555.30 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.1 per cent, DIIs 9.1 per cent and public and others 24.1 per cent.





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