Budget 2020

Niraj Bajaj named Bajaj Auto Chairman; Rahul Bajaj to be Chairman Emeritus

This will be taken up at the ensuing annual general meeting for the approval of the shareholders. Bajaj Auto has announced the appointment of Neeraj Bajaj as its new Chairman of the Board with effect from May 1, 2021. The auto maker has also announced Rahul Bajaj as its Chairman Emeritus. “Rahul Bajaj, Non-executive Chairman […]

Budget 2020

At least one year’s up move left in commodities: Raamdeo Agrawal

The current trend in commodities is likely to strengthen and there is an opportunity, says Raamdeo Agrawal, Chairman, MOFSL. High raw material prices are definitely impacting earnings of auto companies. That was said by Maruti as well as . It is going to remain a concern for some time to come despite what they may […]

Budget 2020

We must continue trade with China: Rajiv Bajaj

Halting imports suddenly is like cutting your nose to spite your face: Bajaj Auto MD Favouring continuation of trade with China, Bajaj Auto Managing Director Rajiv Bajaj on Saturday said goods should be procured from wherever they are most competitively available. He was speaking at a session on ‘Building a reliable supply chain’ at the […]

Budget 2020

Brokerages increase Bajaj Auto target price after Q3 results

Mumbai: Analysts have raised price targets on Bajaj Auto after the company reported a 23% year-on-year rise in profit to a record Rs 1,556 crore for the December quarter. Shares of Bajaj Auto ended up 10.45% on the back of strong result and target price upgrades. HSBC maintained a buy and raised target price to […]

Budget 2020

Why Raamdeo Agrawal is bullish on conventional auto cos

Auto remains a very consolidated sector and whether it is tractors, trucks or cars, 90% of the profits go to the top two guys, says Raamdeo Agrawal, Chairman, MOFSL. We can keep talking about how unprecedented this year has been but the price is telling a very different story. It is 12,600 on the Nifty. […]

News Headlines

Bajaj Auto may rally up to 31% despite fall in Q2 net profit; here’s why

NEW DELHI: Citing improving outlook and attractive valuations, brokerages on Dalal Street see up to 31 per cent upside in Bajaj Auto. Industry demand in the second quarter has inched closer towards the normal level, according to market watchers. Domestic two-wheeler demand is at 90 per cent of the normal, while exports are at 90 […]

Budget 2020

Green shoots visible in Bajaj Auto’s Q2 show: Key takeaways

NEW DELHI: The negative impact of the pandemic was visible in Bajaj Auto’s September quarter earnings performance but so were the green shoots as some of the segments recorded record sales during the quarter. The company blamed lower interest rates during the second quarter, which resulted in reduction of treasury income. The company also said […]