Oct 19, 2016 06:14 PM IST IST | Source: Moneycontrol.com

Buy Bajaj Corp; target of Rs 478: Dolat Capital

Dolat Capital is bullish on Bajaj Corp has recommended buy rating on the stock with a target price of Rs 478 in its research report dated October 17, 2016.


Dolat Capital's research report on Bajaj Corp

Marginal Topline growth of 3.5% primarily on account of mix change as volume growth remains flat. Gross Margin expansion of 475bps (benign RM cost) was offset by higher ad spends & employee cost leading to flat EBITDA margins. Management expects revival in LHO category to mid-single digit growth in next few quarters. We upgrade our estimates by 1-2% for FY17E & FY18E. Maintain Accumulate with a target price of Rs 478. 

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Sections
Follow us on
Available On