NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
We expect strong 14%/19%/21%/22% volume/revenue/ EbitdaA/core profit after tax growth over FY24-27 driven by an upswing in domestic/ export markets and market-share gains of Bajaj Auto Ltd. led by the success of its CNG two-wheelers, electric vehicles and Triumph range.
The stock is being re-rated from an underperformer in the past to an outperformer as has started gaining domestic market share. Ahead, we expect the company to outrun TVS; hence valuations would further catch up with TVS (P/E multiple of 32 times applied, versus 35 times for TVS).
Key risks:
Slower-than expected domestic and export industry volume trends, Keener competition and margin pressure due to lower profitability in EVs and commodity prices/forex rates.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
