Bajaj Auto shares rally 4%, hit 52-week high on robust Q3 results

Bajaj Auto shares rally 4%, hit 52-week high on robust Q3 results

Bajaj Auto shares jumped nearly 4% to hit their 52-week high of Rs 7,499 on Thursday, notwithstanding scepticism expressed by a couple of top domestic brokerages following the auto major’s Q3 results.While Kotak Institutional Equities recommended a ‘Sell’ rating and slashed the target price, Nuvama stuck to its ‘Hold’ stance. JM Financial retained its buy … Read more

Bajaj Auto shares climb over 7% post Q3 results. What should investors do?

Bajaj Auto shares climb over 7% post Q3 results. What should investors do?

Shares of climbed 7.4% to Rs 3,993 in Friday’s trade on BSE after the company reported a nearly 23% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 1,491.42 crore. Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs … Read more