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

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.

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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%.


Outlook


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 moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Mar 20, 2019 03:55 pm
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