Bajaj Auto Share Price: Bajaj Auto shares tumble over 11% after Q2 disappoints D-St. Should you buy or sell?
Shares of two-wheeler major Bajaj Auto fell by 11.42% to a day’s low of 10,290 on the BSE after the company reported Q2 FY25 earnings that were slightly below Street estimates.
The company posted a standalone net profit of Rs 2,005 crore for the quarter ending September 2024, reflecting a 9% increase from Rs 1,836 crore in the same period last year.
Revenue from operations reached Rs 13,127 crore, a 22% rise compared to Rs 10,777 crore in the corresponding quarter of the previous financial year.
Here is what brokerages said after Q2 results:
Macquarie on Bajaj Auto: Neutral | Target price: Rs 11,072
Macquarie has maintained a Neutral rating on Bajaj Auto with a target price of Rs 11,072.
While the second quarter was in line with estimates,…
