Bajaj Auto Ltd Q1:Buy
Short sellers may be trapped
Stock has bn pulled down from 2800 level as rumours in mkt that co vl report lower Sales and Lower Ebidta ( 1175cr). However denofwealth estimates:
Sales to be 5980cr vs Bloomberg est 5950cr and ETBrokerage est 5960cr
Ebidta Margin: Should be 20.9percent as against vs ETBrokerage 20.5percent and Bloomberg 21percent
Con PAT can be 1034cr vs 803cr for Q4/FY16
Other Income: Q1FY16 PAT of 1014cr had Other Income of Rs 437cr. Other Income in Q1/FY17 to be significantly lower. Motilal Oswal est of Other Income 326cr. Actual Other Income to be lower than MOSL est as well
We feel stock should go up.
SL you decide. WhatsApp msg circulating in mkt (ebidta 1175cr) should prove wrong
Our buy calls of yday on Maruti @4500 and Sell on DrReddy @ 3470 gvg big big profit.
B Auto should also
Short sellers may be trapped
Stock has bn pulled down from 2800 level as rumours in mkt that co vl report lower Sales and Lower Ebidta ( 1175cr). However denofwealth estimates:
Sales to be 5980cr vs Bloomberg est 5950cr and ETBrokerage est 5960cr
Ebidta Margin: Should be 20.9percent as against vs ETBrokerage 20.5percent and Bloomberg 21percent
Con PAT can be 1034cr vs 803cr for Q4/FY16
Other Income: Q1FY16 PAT of 1014cr had Other Income of Rs 437cr. Other Income in Q1/FY17 to be significantly lower. Motilal Oswal est of Other Income 326cr. Actual Other Income to be lower than MOSL est as well
We feel stock should go up.
SL you decide. WhatsApp msg circulating in mkt (ebidta 1175cr) should prove wrong
Our buy calls of yday on Maruti @4500 and Sell on DrReddy @ 3470 gvg big big profit.
B Auto should also
No comments:
Post a Comment