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Bajaj Auto outlook holds out hope

We remain bullish on Bajaj Auto as the company plans to roll out new products, increase its market share and capitalise on the opportunity thrown up by COVID-19

July 23, 2020 / 02:48 PM IST
Bajaj Auto outlook holds out hope

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Nitin Agrawal Moneycontrol Research Highlights - Lockdown impacted volume and top line significantly - Negative operating leverage impacted operating margin - Business outlook for medium to long term is positive - Stock is trading at reasonable valuation; buy with long-term perspective ————————————————————————— Bajaj Auto (CMP: Rs 2,981, MCAP: Rs 86,392 crore) has posted a weak set of numbers for the first quarter of the current financial year. Volume sales and the top line of the company fell sharply because of the nationwide lockdown triggered by the pandemic...

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