Exactly 10 years ago, Bajaj pursued Triumph for a buyout deal before shelving those plans to buy a stake in KTM instead.
Research firm Motilal Oswal has a buy on Bajaj Auto with 13 percent upside whereas Credit Suisse has a neutral rating on the stock after Bajaj Auto announced its partnership with UK's Triumph Motorcycles.
Bajaj Auto has partnered with Triumph to make mid-capacity motorcycles.
Bajaj Auto, the country’s fourth biggest two-wheeler maker, today announced a partnership with UK’s Triumph Motorcycles.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 10000-9968 and the resistance is at 10149-10248-10536. On the other hand, Bank Nifty has support at 24600 and resistance at 25000-25100.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Century Textiles, HCL Tech and Jet Airways and can sell Berger Paints and Sun TV.
Bajaj Auto sales for July have come in below expectations. In an interview to CNBC-TV18, S Ravikumar, President, Business Development, Bajaj Auto spoke about the latest happenings in his company and sector.
Its motorcycle sales also dropped 7 per cent to 2,65,182 units as against 2,85,527 units in July last year, Bajaj Auto said in a BSE filing.
The two new variants of the existing models are CT100 ES Alloy and Platina ES Spoke.
First launched in 1972, the Bajaj Chetak was at one point the largest selling scooter in India. Its legacy continues to endure.
KR Choksey recommended buy rating on Bajaj Auto with a target price of Rs 3120 in its research report dated July 24, 2017.
ICICI Direct has recommended hold rating on Bajaj Auto with a target price of Rs 2780 in its research report dated July 24, 2017.
While part of the challenge came from GST rollout as Bajaj Auto had minimal disruption due to implementation of BS-IV, the underlying trend still points to weakness. Exports, while providing some respite to its financials are yet to limp back to the sustainable growth trajectory.
According to Gaurav Bissa of LKP Securities, one may buy Bajaj Auto and UPL and can sell NIIT Technologies.
Motilal Oswal recommended buy rating on Bajaj Auto with a target price of Rs 3281 in its research report dated July 21, 2017.
HDFC Securities is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 3296 in its research report dated July 21, 2017.
The two-wheeler major currently exports to various markets in the region including the Philippines, Singapore and Myanmar.
A string of public interest litigations filed in different courts has prevented the launch of the four-wheeler, but Bajaj Auto's MD believes some good news may be around the corner.
Ashwani Gujral of ashwanigujral.com suggests buying Eicher Motors, Suprajit Engineering, Godrej Properties and DLF.
Speaking to shareholders at the company’s 10th annual general meeting, managing director Rajiv Bajaj mentioned about an addition of a second brand to the Bajaj-KTM alliance
Vijay Chopra of enochventures.com is of the view that one may keep Bajaj Auto in your portfolio.
Ashwani Gujral of ashwanigujral.com suggests buying PVR, Deepak Fertiliser and Grasim Industries.
Revenue was ahead of estimates, though it fell 3.9 percent to Rs 5,854 crore compared with Rs 6,089 crore in same quarter last year.
Operating profit during the quarter is likely to drop 9 percent to Rs 1,075 crore and margin may be flat at 20 percent on year-on-year basis.
Net Sales are expected to increase by 6.9 percent Q-o-Q (down 8.9 percent Y-o-Y) to Rs 5234.9 crore, according to KR Choksey. Bajaj Auto to report net profit at 905.3 crore down 13% year-on-year.