Goldman Sachs Reaffirms Their Buy Rating on Bajaj Auto Limited (BAJAJ.AUTO)

Goldman Sachs analyst Chandramouli Muthiah maintained a Buy rating on Bajaj Auto Limited today and set a price target of INR9,600.00. The company’s shares closed today at INR8,946.50.
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Muthiah covers the Consumer Cyclical sector, focusing on stocks such as Eicher Motors Limited, Maruti Suzuki India Limited, and Ola Electric Mobility Limited. According to TipRanks, Muthiah has an average return of 3.2% and a 61.11% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Bajaj Auto Limited with a INR9,143.00 average price target, representing a 2.20% upside. In a report released on September 26, Investec also maintained a Buy rating on the stock with a INR9,520.00 price target.
Based on Bajaj Auto Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR131.33 billion and a net profit of INR22.1 billion. In comparison, last year the company earned a revenue of INR119.32 billion and had a net profit of INR19.42 billion