Earnings Alerts

Bajaj Auto Ltd (BJAUT) Earnings Report: May Vehicle Sales Marginally Up at 355,323 Units Despite Motorcycle Decline

  • Bajaj Auto sold 355,323 vehicles in May 2024.
  • This is a slight increase from 355,148 vehicles sold in May of the previous year.
  • Motorcycle sales totaled 305,482 units in May 2024.
  • Motorcycle sales saw a minor decline of 0.7% year-over-year.
  • Exports reached 130,236 units in May 2024.
  • Exports grew by 2.8% compared to the previous year.
  • Analyst recommendations: 21 buys, 10 holds, and 13 sells.

Bajaj Auto Ltd on Smartkarma

Analyst coverage of Bajaj Auto Ltd on Smartkarma includes a report by Pranav Bhavsar titled “Postcard from Agra | India’s 3W EV Adaptation On the Ground“. Bhavsar delves into the swift electrification of three-wheelers in Agra, sharing firsthand insights from tier 2 and tier 3 locations. The report aims to offer readers a closer look at the evolving landscape of three-wheeler electrification through interactions in key channels in these areas, specifically focusing on Agra.


A look at Bajaj Auto Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE3.8

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

Bajaj Auto Ltd, a renowned manufacturer of motorized two-wheeled and three-wheeled vehicles, has been assessed using Smartkarma Smart Scores. With a stellar Dividend score of 5, investors can expect reliable and attractive dividend payouts from the company. This, coupled with a strong Momentum score of 5, suggests that Bajaj Auto Ltd is positioned well for potential growth in the long term.

Despite having a Value score of 2, indicating moderate valuation metrics, Bajaj Auto Ltd demonstrates resilience with a score of 4. This resilience factor, along with a Growth score of 3, implies that the company has the capability to withstand challenges and still maintain steady growth over the long run. Overall, Bajaj Auto Ltd presents a promising outlook for investors looking for a stable and growing investment option in the automotive sector.

The summary of the company:
### Bajaj Auto Limited manufactures and distributes 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.
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