Earnings Alerts

Bajaj Auto Ltd (BJAUT) Earnings: July Vehicle Sales Surge by 11% to 354,169 Units

  • Bajaj Auto sold 354,169 vehicles in July 2024.
  • Vehicle sales increased by 11% compared to July 2023 when 319,747 units were sold.
  • Motorcycle sales reached 297,541 units, marking an 11% year-over-year increase.
  • Exports rose to 143,172 units, showing a 1.9% increase compared to the previous year.
  • Analyst recommendations stand at 22 buys, 10 holds, and 13 sells.

Bajaj Auto Ltd on Smartkarma



Analyst coverage on Bajaj Auto Ltd on Smartkarma is provided by Pranav Bhavsar. In the research titled “Postcard from Agra | India’s 3W EV Adaptation On the Ground,” Bhavsar explores the rapid electrification of three-wheelers in Agra. The report provides on-ground insights from tier 2 and tier 3 locations, aiming to offer readers a closer look at the industry. Bhavsar notes the surprising pace of electrification among three-wheelers in Agra, highlighting the city’s progress in this area.



A look at Bajaj Auto Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts expect a promising long-term outlook for Bajaj Auto Ltd, a company that manufactures and distributes motorized two-wheeled and three-wheeled vehicles. The company’s Smart Scores highlight a solid performance in key areas: Dividend and Resilience scores top the chart with a score of 4 each, indicating that Bajaj Auto is likely to provide stable returns to its investors and can withstand market uncertainties well.

Moreover, the Growth score of 3 suggests that Bajaj Auto has the potential to expand its market presence and increase its revenue over time. Although the Value and Momentum scores are not as high as the other metrics, the overall outlook for the company appears positive, with a balanced combination of strengths across different aspects of its operations.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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