In line 3Q; demand recovers across segments

Company
25 Jan 2024
5 Min read 
  • Bajaj Auto reported in-line performance in 3QFY24 with highest ever EBITDA margin.
  •  Domestic 2W industry volumes expected to grow 8-10% YoY in the coming months.
  •  Financials and valuations show steady growth in sales, EBITDA, and EPS.
  •  Bajaj Auto well-positioned to benefit from market share gains in premium motorcycles, exports, and e-scooters.
  •  Valuation reflects expected recovery and risk of EV disruption, maintaining Neutral rating with TP of INR6,775.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority