Earnings Alerts

Bajaj Auto Ltd (BJAUT) Earnings: June Vehicle Sales Surge by 5.1% Y/Y

  • Bajaj Auto sold 358,477 vehicles in June 2024.
  • This marks a 5.1% increase compared to June 2023.
  • Motorcycle sales reached 303,646 units.
  • Motorcycle sales grew by 3.4% year over year.
  • Exports amounted to 142,026 units.
  • Export sales rose by 0.7% compared to last year.
  • Current analyst recommendations: 21 buys, 11 holds, 14 sells.

Bajaj Auto Ltd on Smartkarma

Analyst coverage of Bajaj Auto Ltd on Smartkarma is gaining attention. Pranav Bhavsar, in his recent report “Postcard from Agra | India’s 3W EV Adaptation On the Ground,” shares valuable insights into the rapid electrification of three-wheelers in Agra. This research delves into the on-ground dynamics, particularly in tier 2 and tier 3 locations, providing a unique perspective on the evolving landscape of electric vehicles. Bhavsar’s bullish sentiment underscores the significant progress witnessed in the electrification of three-wheelers, highlighting key developments in this space.


A look at Bajaj Auto Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.4

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

When looking at the long-term outlook for Bajaj Auto Ltd, the company seems to have a promising future ahead. With a strong dividend score of 5, investors can expect consistent and potentially high dividend payouts over time. This indicates a stable financial standing and a commitment to rewarding shareholders. In addition, the company scores well in resilience, with a score of 4, suggesting that Bajaj Auto Ltd has the ability to withstand market fluctuations and economic challenges.

Although the value and growth scores are moderate at 2 and 3 respectively, the company still shows potential for sustainable performance. With a momentum score of 3, Bajaj Auto Ltd is showing signs of positive market momentum, which could translate into future growth opportunities. Overall, the combination of strong dividend payouts, resilience to market changes, and a hint of momentum bodes well for Bajaj Auto Ltd‘s long-term prospects in the competitive automotive industry.

Summary: Bajaj Auto Limited is a manufacturer and distributor of motorized two-wheeled and three-wheeled scooters, motorcycles, and mopeds.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars