Bajaj Auto: Investors must wait for volume recovery before taking exposure

The Bajaj Auto stock rose nearly 4 per cent in trade after the company announced a sharp growth in September dispatches to retailers. Led by highest ever export volumes, the company posted a 20 per cent y-o-y growth in two wheeler wholesale volumes for September.

While the numbers are not comparable to the figures reported last year due to the coronavirus (Covid-19) pandemic, the Street was surprised by the difference between the estimates and the reported numbers. Bajaj Auto reported a 16-24 per cent y-o-y growth for domestic sales and exports of two wheelers, while Nomura had …




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First Published: Thu, October 01 2020. 17:46 IST

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