Bajaj Auto shares: Should you buy, sell or hold auto stock post-Q4 results, dividend announcement?
Bajaj Auto Q4 results: Bajaj Auto posted a standalone net profit of Rs 1,936 crore for the January-March period, marking a jump of 35.1 per cent compared with the corresponding period a year ago which was better than analysts' expectations on Thursday post-market hours.
Bajaj Auto share price target, Bajaj Auto share price 2024, Bajaj Auto Q4 results: Bajaj Auto posted a standalone net profit of Rs 1,936 crore for the January-March period, marking a jump of 35.1 per cent compared with the corresponding period a year ago which was better than analysts' expectations on Thursday post-market hours.
The two- and three-wheeler manufacturer, whose popular models include Pulsar, Discover, and Dominar, registered revenue of Rs 11,484.7 crore for the March quarter as against Rs 8,904.7 crore for the year-ago period.
According to Zee Business research, Bajaj Auto's fourth-quarter net profit was estimated at Rs 1,850 crore and revenue at Rs 11,050 crore.
Here's what brokerages make of Bajaj Auto's good Q4 results—check out share price target:
Should you buy, sell or hold Bajaj Auto shares?
Jefferies has maintained a 'buy' call on the Bajaj Auto stock with a Rs 1,500 raise in target to Rs 10,500.
Should you buy, sell or hold Bajaj Auto shares?
JPMorgan has maintained an 'overweight' rating on Bajaj Auto shares with raised target of Rs 10,000 from Rs 8,900 earlier.
Should you buy, sell or hold Bajaj Auto shares?
Goldman Sachs has maintained a 'neutral' rating on Bajaj Auto. The brokerage has increased the target to Rs 9,600 from Rs 9,380 eralier.
Should you buy, sell or hold Bajaj Auto shares?
Citi has maintained a sell call on Bajaj Auto, however, the brokerage has raised the target to Rs 6,500 from Rs 5,500.
Should you buy, sell or hold Bajaj Auto shares?
Macquarie has retained a neutral call on the counter with a target of Rs 8,405.
Bajaj Auto Dividend
The motorcycle maker's board declared a dividend of Rs 80 per share.