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HomeSHARE MARKETExpert Has Advised To Buy This Auto Stock For 2-3 Days; This...

Expert Has Advised To Buy This Auto Stock For 2-3 Days; This Stock Will Make Huge Profits

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Bajaj Auto Ltd (NSE: BAJAJ-AUTO) Stocks to Buy: There is a good recovery in the domestic market amid positive global signals. Amidst the bullish trend in the market, brokerage firm has made auto sector giant Bajaj Auto a short-term technical pick. 

Brokerage has advised to buy this auto share with a perspective of 2-3 days. This stock has jumped 30 percent so far this year. Bajaj Auto shares are up by over 1 percent in the early trading.

The stock market had a positive start on Wednesday (20 March). Major indices are trading in the green. 

Sensex is trading at the level of 72200 and Nifty at 22900. The market is getting support from good global signals. 

Today (20 March) maximum buying is being recorded in auto, metal, IT, and government banking shares in the market. Whereas there is selling in the consumer durable sector. Earlier, on Tuesday the Sensex closed down 736 points at 72,012.

Bajaj Auto: Profit Will Be Made In 2-3 Days

Brokerage house has chosen Bajaj Auto as its technical pick for 2-3 days. The target has been kept at Rs 9000. 

On March 20, 2024, the share price closed at Rs 8640. In this manner, the upside of 4-5 percent is evident in the price of the stock compared to its current value. The 52-week high of the stock is 9,019.95 and the low is 3,770.

Bajaj Auto share: How Is The Performance?

Digga Auto Share Bajaj Auto’s performance in the last year has been tremendous. The stock has jumped more than 130 percent in the last year. Whereas in the last 6 months, this auto share has given a return of 70 percent to the investors. 

The stock has shown a rise of 38 percent in 3 months and 30 percent so far this year. The market cap of the company on BSE was more than Rs 2.47 lakh crore.

About Bajaj Auto Ltd Company 

BAJAJ Auto Limited is a top manufacturer of motorcycles and tri-wheelers across India. It was established in 1945 as an automobile sales firm. 

Today, it is the third-largest producer of motorcycles and the largest manufacturer of three-wheelers worldwide. It is India’s biggest exporter of three-wheelers, motorcycles, and quadricycles. 

It is the flagship company part of the Bajaj Group and was incorporated under the Companies Act, of 1956 and has a registered office in Mumbai. 

In the period 2022-23, the Company achieved record-breaking sales of five million vehicles. It also recorded the highest turnover ever recorded at the sum of Rs 37,609 crores. 

The company also raked in an overall profit after tax of 6,060 crores. Bajaj Company is acknowledged across Latin America, Africa, the Middle East, and South and South East Asia.

Fundamental Analysis of Bajaj Auto Ltd

Market Cap₹ 2,45,995 Cr.
Current Price₹ 8,687
52-wk High₹ 9,025 
52-wk Low₹ 3,770
Stock P/E33.2
Book Value₹ 1,036
Dividend1.62 %
ROCE26.2 %
ROE20.2 %
Face Value₹ 10.0
P/B Value8.46
OPM19.3 %
EPS₹ 262
Debt₹ 125 Cr.
Debt to Equity0.00

Bajaj Auto Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 8500₹ 8765
2025₹ 8900₹ 9212
2026₹ 9342₹ 9565
2027₹ 9765₹ 10000
2028₹ 10324₹ 10643
2029₹ 10975₹ 11083
2030₹ 11546₹ 11876
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Bajaj Auto Ltd Shareholding Pattern

Promoters Holding
Dec 202254.99%
Mar 202354.99%
June 202354.99%
Sept 202354.99%
Dec 202354.95%
FII Holding
Dec 202211.82%
Mar 202312.35%
June 202313.67%
Sept 202314.37%
Dec 202314.64%
DII Holding
Dec 202210.91%
Mar 202310.79%
June 20239.56%
Sept 20239.03%
Dec 20238.66%
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Govt. Holding
Dec 20220.07%
Mar 20230.07%
June 20230.07%
Sept 20230.07%
Dec 20230.07%
Public Holding
Dec 202222.20%
Mar 202321.79%
June 202321.72%
Sept 202321.54%
Dec 202321.67%

Bajaj Auto Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 30,358 Cr
2020₹ 29,919 Cr
2021₹ 27,741 Cr
2022₹ 33,145 Cr
2023₹ 42,245 Cr
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Last 5 Years’ Net Profit:

2019₹ 4,928 Cr
2020₹ 5,212 Cr
2021₹ 4,857 Cr
2022₹ 6,166 Cr
2023₹ 7,402 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:7%
5 Years:7%
3 Years:5%
Current Year:31%

Last 10 years’ Return on Equity (ROE):

10 Years:23%
5 Years:21%
3 Years:20%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:8%
3 Years:7%
Current Year:19%

Conclusion

This article is a complete guide about Bajaj Auto Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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