What is the next target of brokerage on Bajaj Auto after the Q4 results?

Automobile company Bajaj Auto has reported the results of the March 2022 quarter as expected. The standalone net profit of the company has increased by 10.3 percent (YoY) to Rs 1469 crore in January-March 2022. However, revenue fell by 7.2 percent. On Thursday, April 28, Bajaj Auto's stock has seen a fall of more than 2 percent in early trade itself. Brokerage houses have a positive outlook on Bajaj Auto after the fourth quarter results. He says that the margins have improved. Will keep an eye on volume recovery going forward.