Bajaj Auto Share Price: Buy Bajaj Auto, target price Rs 4250: IIFL

IIFL has buy call on with a target price of Rs 4250. The current market price of Bajaj Auto Ltd. is Rs 4111.5.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 118523.28 Crore) operating in Auto sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 8879.70 Crore, down -4.30 % from last quarter Total Income of Rs 9279.06 Crore and up 22.59 % from last year same quarter Total Income of Rs 7243.31 Crore. Company reported net profit after tax of Rs 1329.78 Crore in latest quarter.


Investment Rationale
Stock has given a flag pattern breakout on the daily chart.


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.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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