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Bajaj Auto Q2 FY21: Strong recovery, positive outlook

We continue to remain upbeat 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

October 23, 2020 / 02:10 PM IST
Bajaj Auto Q2 FY21: Strong recovery, positive outlook

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

Highlights - Sharp recovery in two-wheeler volumes - Demand for three-wheelers continues to be under significant pressure - Operating margin expands due to cost reduction - Business outlook for medium- to long-term positive - Stock is trading at reasonable valuation; buy with long-term perspective ————————————————————————— Bajaj Auto (CMP: Rs 2,996, MCAP: Rs 86,800 crore) has posted an in-line set of numbers for the second quarter of the current financial year. Sales volume recovered significantly post easing of lockdown restrictions. Topline and operating margin were at par...

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