Indiabulls Securities, in its latest research report, on Bajaj Auto, has given "Hold" ratings to the stock citing current valuations as the primary reason.
The report is cautiously optimistic on the sector and hopes that Bajaj's smart product mixture of premium segment models and its conventional economy model would help company gain further market share in two-wheeler segment.
According to the report, the stock is currently trading at PE of 14.3X and 12.2X for FY10E and FY11E which gives the fair value to the stock.
Indiabulls customers can logon to the trading website / Power Indiabulls application and visit Equity Analysis section to read the full report.
The report is cautiously optimistic on the sector and hopes that Bajaj's smart product mixture of premium segment models and its conventional economy model would help company gain further market share in two-wheeler segment.
According to the report, the stock is currently trading at PE of 14.3X and 12.2X for FY10E and FY11E which gives the fair value to the stock.
Indiabulls customers can logon to the trading website / Power Indiabulls application and visit Equity Analysis section to read the full report.
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