Time period given by analyst is Intra Day when Bajaj Auto Ltd. price can reach defined target.
Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 110075.21 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-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 7715.34 Crore, down -13.11 % from last quarter Total Income of Rs 8879.70 Crore and up 125.78 % from last year same quarter Total Income of Rs 3417.12 Crore. Company reported net profit after tax of Rs 1059.21 Crore in latest quarter.
Investment Rationale
Reversal from its Double Bottom support zone on the daily chart indicates an uptrend to resume.
Promoter/FII Holdings
Promoters held 53.7 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.21 per cent, DIIs 12.85 per cent.
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