Moneycontrol PRO

Bajaj Auto: Valuation reasonable for a long-term ride

Decent set of numbers by Bajaj Auto, driven by strong demand in domestic 3W and international 2W segments

October 29, 2021 / 09:32 AM IST
Bajaj Auto: Valuation reasonable for a long-term ride

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 - Strong 3W demand in domestic market and 2W demand in export market increase volumes - Higher raw material prices hit operating margins - Export market show strong demand momentum - Business outlook positive for medium- to long-term - Stock trading at reasonable valuation; buy with long-term perspective ————————————————————————— Bajaj Auto (CMP: Rs 3,859.7; M Cap: Rs 1,12,000 crore) has posted a decent set of numbers for Q2FY22 despite a significant commodity-linked inflation. The export market provided the cushion. Price hikes helped partially offset raw...

  • PRO Panorama

    Moneycontrol Pro Panorama | IT stocks get a harsh reality check

    Jun 6, 2023 / 03:16 PM IST

    In today’s edition of Panorama: China's economic growth and index returns gap widens, the untold story behind the OPEC meet, su...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Things fall apart

    Apr 22, 2023 / 11:16 AM IST

    The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers