Bajaj Auto share trading flat ahead of Q4 earnings, here's what to expect : vimarsana.com

Bajaj Auto share trading flat ahead of Q4 earnings, here's what to expect


Bajaj Auto share trading flat ahead of Q4 earnings, here's what to expect
At 1:28 hours, Bajaj Auto share was trading at Rs 3,883.05, down 0.19 per cent on the BSE
BusinessToday.In | April 29, 2021 | Updated 14:29 IST
Bajaj Auto share was trading flat ahead of its March quarter earnings to be announced on Thursday. At 1:28 hours, Bajaj Auto share was trading at Rs 3,883.05, down 0.19 per cent on the BSE.
On a year-to-date (YTD) basis, the stock has gained around 13 per cent against a rise of 7 per cent in the Nifty Auto index.
According to Kotak Institutional Equities, volumes during the quarter increased by 18 per cent YoY led by 24 per cent YoY increase in export motorcycle volumes, 21 per cent yearly increase in domestic motorcycle volumes offset by 12 per cent YoY decline in three-wheeler segment volumes in the quarter ended March 2021. It expects revenues to increase by 19 per cent YoY and EBITDA (earnings before interest, tax, depreciation and amortisation) by 15 per cent YoY.

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