Moneycontrol PRO
Live Now |Traders Carnival 15th Edition - 3 days 12 sessions Virtual Event brought to you by Moneycontrol Pro

Buy Bajaj Auto: target of Rs 4800: Sharekhan

Sharekhan is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 4800 in its research report dated July 22, 2021.

July 26, 2021 / 09:21 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Bajaj Auto

Bajaj Auto’s Q1FY22 revenue and PAT were in line with estimates, while EBITDA margin missed expectations. Management remained positive on growth prospects, especially exports, where BAL expects to gain market share in key regions, driven by brand recall, product launches and value-for-money proposition. We expect BAL’s earnings to report a 23.2% CAGR during FY2021-FY2023E, driven by a 21.4% revenue CAGR and 120 bps rise in EBITDA margin in FY23E. Stock trades below historical average P/E multiple of 14.5x and EV/EBITDA multiple of 9.4x its FY2023E estimates.


We maintain a Buy on stock with an unchanged PT of Rs. 4,800, factoring strong business outlook and comfortable valuations.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 26, 2021 09:21 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark