Update on Bajaj Auto:

Denofwealth estimate has gone wrong ( 1st time in 3 years). But spike in share price due to panic short covering

Actual results are ordinary, nothing great

NP is 924 cr vs 970cr YoY. And 924 cr NP consists of *higher other income 319cr vs 242cr*

Denofwealth feels that stock should come down to 2830-2850 levels