Today, we have the first quarter results: The Bajaj share price is holding flat ahead of its Q1 earnings today. The Indian automaker will release its highly anticipated Q1 2024 results on Tuesday. The company board has scheduled a meeting on July 16, 2024, to evaluate and approve the standalone unaudited financial results for the first quarter of the fiscal year 2024-25.
According to stock market experts, Bajaj’s Q1FY25 results would be positive, with the company likely to increase its EBITDA and margins. The new 2-wheeler CNG model Freedom 125 is expected to propel the company’s business in the just-finished quarter.
Preview of Bajaj Auto results
Parth Shah, Research Analyst at StoxBox, commented on Bajaj’s Q1FY25 results, saying, “We expect Bajaj to record good numbers in Q1FY25 as the business continues to benefit from a richer product mix in the local market while recovering in the overseas market. We expect the company’s revenue to expand in the mid-teens due to a better product mix and a 7.3% YoY increase in total volume.
“Higher realizations, cheaper input costs, and operating leverage will all contribute to increased EBITDA margin. With the predicted increase in input costs and the introduction of its new 2W CNG model, the StoxBox specialist noted that when Freedom 125 hits the market, management’s remarks on these topics will be essential.
Target share price for Bajaj Auto
Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, commented on the Bajaj Auto share price forecast, saying, “In the short term, the stock has experienced a bullish reversal pattern, which implies additional upside can be seen in the Bajaj Auto share price. Bajaj Auto’s share price could reach ₹9,950 soon. The vehicle stock has formed a sturdy base around ₹9,500. Bajaj Auto shareholders might hold the stock with a stop loss at ₹9,500 and a target price of ₹9,950.
According to Anand Rathi, new investors can buy Bajaj Auto shares at present pricing and use a buy-on-dips strategy until the stock reaches ₹9,500 mark. The share price of Bajaj Auto is expected to reach ₹9,950 shortly.
Results for BajajAuto in Q4FY24
Bajaj Auto reported a 29.41 percent increase in revenue and a 17.99 percent increase in profit in Q4FY24. However, revenue fell 5.02 percent and profit dropped 1.04 percent compared to the prior quarter.
Disclaimer: Stockeasynow provides stock market news for informational purposes only and should not be construed as investment advice. Readers are strongly encouraged to consult with a qualified financial advisor before making any investment decisions.
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