Stock Name : Bajaj Auto Limited /Tips Open Buy : 2,936.00 Posted Date : July 16, 2020
Stopless/Horizon : 2684/2Months Target : 3110 Results Achieved (Yes/No) :

Bajaj Auto Limited is one of the leading two & three-wheeler manufacturers in India. It is a Large Cap company with a marketcapital of Rs 83832.52 Crore.

In 1945, Bachraj Trading Corporation Ltd was formed to import scooters and motorised three-wheelers from Piaggio & Company.

In 1959, the company obtained licence from the Government of India to manufacture two- and three-wheelers. Later in 1960, the company’s name was changed to Bajaj Auto limited.

Rahul Bajaj is the Chairman and Rajiv Bajaj Managing Director of Bajaj Auto limited.

Famous motorcycles produced by Bajaj are Platina, Discover, Pulsar, Avenger, Dominar 400 and CT 100.Bajaj’s Pulsar series still goes strong in terms of sales and popularity.

Bajaj Auto continues to lead the automobile exports in India with over 50% of the country’s 2-wheeler and 3-wheeler exports with a turnover of Rs.11,845 crores.

In FY 2019-20, 47% of Bajaj Auto’s production was exported to over 79 countries. With a cumulative 15 million vehicles exported till date, Bajaj Auto ltd is one of the most visible Indian brands across the globe.

Bajaj Autohas two subsidiaries, namely Bajaj Auto International Holdings BV & PT Bajaj Indonesia.

For the year ending31-Mar-2019, Bajaj Auto Limited’s key product (automobile – 2 & 3 wheelers) contributed Rs 29567.25 crore to its sales value (97.74 % of Total Sales). Export Incentives contributed Rs 457.07 crore (1.51 % of Total Sales), Royalty Income contributed Rs 128.67 Crore (0.42 % of Total Sales), Other Operating Revenue contributed Rs 75.41 Crore (0.24 % of Total Sales) and Scrap contributed Rs 21.56 Crore (0.07 % of Total Sales)to Sales Value.

For the quarter ended 31-03-2020, Bajaj Auto Limited reported a consolidated sale of Rs 6610.90 crore which is down -11.10 % from last quarter sales of Rs. 7436.42 croreand down by -8.50 % from last year same quarter sales of Rs 7225.20 crore.

By the end of March 2020, Bajaj Auto limited declared an equity dividend of 1200.00% amounting to Rs 120 per share. At the current share price of Rs 2897.10 this results in a dividend yield of 4.14%.

For the first quarter ended June 30, the company saw its total sales drop by 64 percent to 4,43,103 units as compared with 12,47,174 units last year same quarter sales.
Bajaj Auto Limited has reported net profit after tax of Rs 1204.92 Crore in latest quarter.

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