Bajaj Auto share price: Motilal Oswal said Bajaj Auto's rerating in the last 12 months was led by its market share gains in the 125cc+ domestic motorcycles segment, improved margins, and a one-of-a-kind policy to reward its shareholders.
As per analysts at Nuvama, the acceptance ratio of the share buyback could be in the range of 4-10 percent; the buyback is likely to be completed within the next 15 days
Bajaj Auto shares reached a 52-week high of Rs 7,499 despite scepticism from Kotak Institutional Equities and Nuvama. Kotak maintained a Sell rating, citing a high valuation, while Nuvama reiterated a Hold stance. JM Financial remained positive, citing a favorable product mix and strong domestic demand. Bajaj Auto reported a 37% YoY growth in net profit for Q3, beating estimates.
Bajaj Auto Q3 earnings: Phillip Capital sees profit after tax for Bajaj Auto surging 31 per cent YoY to Rs 1,954 crore on a 29 per cent rise in sales at Rs 12,013 crore. Ebitda margin is seen at 19 per cent.