The stock price rose 0.58% to Rs 3,926.55.
Nomura expects sales to increase 142% year-on-year, but to decrease 4% year-on-year. This was driven by a 127% increase, down 21% year-on-year. That said, these numbers seem to be bloated due to the low base last year.
Although the automotive industry has settled somewhat from May levels, QoQ has still coped with high commodity cost increases. According to analysts, a price increase of about 1-3% on April 21 will only partially offset this cost increase, so margins are likely to lower QoQ.
They added that the 2QFY22F needs further price increases, and if this is not done, it could have a further impact on margins.
Reliance Securities The company said it is expected to improve profitability by increasing the traction of the export business, coupled with the increase in the contribution of 3W sales. Sales for the June quarter were fixed at Rs 7,407.4 and profits were fixed at Rs 1,041.2.
Bajaj Auto Shares: Bajaj Auto outperformed its first quarter earnings.This is what analysts expect
https://economictimes.indiatimes.com/markets/stocks/news/bajaj-auto-gains-ahead-of-q1-earnings-here-is-what-analysts-expect/articleshow/84630974.cms Bajaj Auto Shares: Bajaj Auto outperformed its first quarter earnings.This is what analysts expect