Key Points
Bajaj Auto shares have risen nearly 13% in the past one month and 11% in the last one year..
Bajaj Auto share price tanked 1.41% to Rs 4,281 today after the companys net profit fell 2.5% on-year to Rs 1433 crore..
The companys revenue for the January-March quarter stood at Rs 8904.7 crore, up 12% on-year, supported by the sustained momentum of the domestic business that delivered strong volume-led revenue growth..
Meanwhile, the companys board has approved the reappointment of Rakesh Sharma as a whole-time director for another five years, effective Jan. 1, 2024...
Reiterate Reduce with revised TP of Rs 4,028 (earlier Rs 3,857); as we roll forward to FY25 earnings (from Sep 24 earlier)core business valued at an unchanged 16x multiple, said analysts at HDFC Securities...
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