HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits
Bajaj Auto: Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
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Bajaj Auto - Another Robust Quarter; Rich Valuation Factors in Positives
Revenue stood marginally below our estimate by 1.2% at Rs 12,114 Cr, up 30%/12.4% YoY/QoQ led by higher sales volume (up 22%/14% YoY/QoQ).
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Q3FY24 Consolidated Preview
Q3FY24 earnings season was marked by a) Strong domestic macroeconomic environment, b) Festival season c) Robust PMI manufacturing and Services
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Bajaj Auto Ltd- Buyback Tender Offer; Return Potential of 5%-6.4%in 3-4 Months
Bajaj Auto Ltd. has approved the buyback of 40 Lc shares at a price of Rs 10,000/share for an aggregate amount not exceeding 4,000 Cr.
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Bajaj Auto Ltd (BJAUT IN) | EV & Exports Optionality
BJAUT has approved the proposal for buy-back of up to 4,000,000 Equity Shares representing 1.41% of the total number of Equity Shares of the...
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