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Last Updated : Mar 20, 2019 03:55 PM IST | Source:

Hold Bajaj Auto; target of Rs 3100: Sharekhan

Sharekhan recommended Hold rating on Bajaj Auto with a target price of Rs 3100 in its research report dated March 01, 2019.

Broker Research @moneycontrolcom
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Sharekhan's research report on Bajaj Auto

Bajaj Auto Limited (BAL) topline to grow at 12% CAGR over FY19-21, driven by domestic market share gains and healthy export outlook. Margins expected to drop due to intensifying competition amid subdued industry demand & rising cost pressures due to regulations. BAL earnings growth to be at 8% CAGR over next two years; lower than long term average of 12%.


We retain Hold rating on the stock with a revised PT of Rs. 3,100 as we rollover our multiple on FY2021 earnings.

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.

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First Published on Mar 20, 2019 03:55 pm
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