Bajaj Auto: Bajaj Auto’s going strong at home, but weak exports may hit growth

Bajaj Auto’s stock trades at 16.6 times forward one-year earnings, a 7% discount to its long-term valuation range. The upside seems limited – at least for now.

summary

That would continue to weigh on its shares as exports, hitherto the mainstay of the maker of Pulsar and Platina, are unlikely to pick up fast due to macro headwinds faced by African nations that are selling the bulk of the business to the Pune-based automaker will recover.

ET Intelligence Group: Bajaj Auto has hit a home run in the three months to September, but the away leg of its business has had to break the dollar bump. That would continue to weigh on its shares as exports, hitherto the mainstay of the maker of Pulsar and Platina, are unlikely to pick up fast due to macro headwinds faced by African nations that are selling the bulk of the business to the Pune-based automaker will recover. Revenue increased

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https://economictimes.indiatimes.com/markets/stocks/news/bajaj-autos-going-strong-at-home-but-weak-exports-may-hit-growth/articleshow/94903810.cms Bajaj Auto: Bajaj Auto’s going strong at home, but weak exports may hit growth

Russell Falcon

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