The recovery in demand — both in domestic and export markets — after the adverse impact of the pandemic in the first half of FY21, helped Bajaj Auto (CMP: Rs 3,819, Mcap: Rs 1,11,000 crore) to post a decent set of numbers for the final quarter and the full year of the last fiscal. While the top line registered a double-digit growth in Q4 FY21, the operating margin contracted due to a significant rise in raw material prices. We continue to...
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