stock price correction: Mayur Milak on why has Bajaj Auto’s stock taken a hit
“So, that really has come to the fore right now. People are realising that this is going to end like a 2% to 5% kind of growth for which these kind of valuations are really not justified in the long run,” says Mayur Milak, Asian Markets Securities.
Bajaj Auto, that stock is down around 12 odd percent. Now, obviously, one of the major reasons behind this fall is the fact that the management commentary, which suggested that the festive demand sales were quite weak. What other reasons could be the factor behind this 12% fall that we are seeing in the share prices?
Mayur Milak: I do not know really to comment on the 12% thing, but I think two things that I would like to highlight. One, of course, that valuations in this sector have continued…
