Bajaj Auto share price: Buy Bajaj Auto, target price Rs 4530: Emkay

Emkay Global Financial Services has a buy call on Ltd. with a target price of Rs 4530. The current price of Bajaj Auto Ltd. is Rs 3305.4.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large-Cap company (with a market cap of Rs 96059.72 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 30-09-2021, the company has reported a Consolidated Total Income of Rs 9080.50 Crore, up 17.69 per cent from last quarter Total Income of Rs 7715.34 Crore and up 22.02 per cent from last year same quarter Total Income of Rs 7441.66 Crore. Company has reported net profit after tax of Rs 1774.60 Crore in latest quarter.


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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