Bajaj Auto's PAT rises over 18%, revenue increases over 15% in Q1FY25; should you buy, sell, or hold?
Global brokerages have revised their stance on Bajaj Auto which reported its Q1 results on Tuesday, July 16, during market hours. Here is what brokerages recommend. (DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.)
Morgan Stanley
Morgan Stanley
By maintaining an 'overweight' rating, the brokerage gave the target of Rs 10,252.
Macquarie
Macquarie
The brokerage maintained a 'neutral' rating and raised the target to Rs 9,655 from Rs 9,487.
Citi
Citi
By maintaining a 'sell' rating, Citi raised the target to Rs 6,800 from Rs 6,500.
CLSA
CLSA
CLSA maintained an 'underperform' rating and raised the target to Rs 7,000 from Rs 6,889.
Goldman Sachs
Goldman Sachs
The brokerage maintained 'neutral' on Bajaj Auto and raised the target to Rs 10,200 from Rs 9,970.
HSBC
HSBC
With a 'buy' call, HSBC gave a target price of Rs 11,000.
JP Morgan
JP Morgan
The brokerage maintained an 'overweight' rating on the stock and raised the target price to Rs 10,400 from Rs 10,000.