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Bajaj Auto hits new high in an otherwise weak market
Posted on 30th November 2017
Bajaj Auto hit a new high of Rs 3,372, up 1.7% on the BSE in intra-day trade in an otherwise weak market. At 10:18 AM; the stock was the top gainer among the Sensex, up 1% at Rs 3,354. On comparison, the S&P BSE Sensex was down 0.69% at 33,371.

In past three months, Bajaj Auto has outperformed the market by gaining 22% against 5.5% rise in the benchmark index.

Motilal Oswal Securities maintain ‘buy’ rating on the stock with target price of Rs 4,197 as the brokerage firm believes Bajaj Auto back on recovery path as volume growth coupled with improving mix to drive margin expansion.

“We believe Bajaj Auto is back on the growth path, driven by regulatory changes in key domestic passenger three wheeler states providing strong medium term growth visibility, filling up of product gaps in domestic motorcycle portfolio helping to regain lost market share, stability in key export markets and ramp-up in new markets driving export sales. We expect volume CAGR of around 10% over FY17-20,” the brokerage firm said in recent report.

The worst of volumes and margins are behind. Volumes should revive in domestic as well as export markets from 2HFY18. Given increase in cash levels, we believe there is scope for increase in payout, which could act as a re-rating trigger, added report.

Meanwhile, according to CNBC TV18 report Bajaj Auto’s quadricycle may hit Indian roads in a couple of months. The road transport ministry is likely to release a final notification allowing the production of quadricycles in India by January next year.

Related Companies: Bajaj Auto Limited   

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#MeToo: Women journalists demand M J Akbar's dismissal, write to President
Posted on 16th October 2018
A panel of female journalists has written to President Ram Nath Kovind demanding the dismissal of Union Minister M.J. Akbar who has been accused of sexual harassment by a dozen women in the wake of the #MeToo movement.

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ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO
Posted on 16th October 2018
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Rupee weakens 9 paise to 73.92 against US dollar in early trade
Posted on 16th October 2018
The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

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Good news: Pink Line Delhi Metro to open by Diwali
Posted on 16th October 2018
The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

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