Bajaj Auto’s Sell For Short Term : profits down 5.6%, earnings down 3.9%

In the first quarter of fiscal year 2018, Bajaj Auto’s profits have declined by 5.6 percent to Rs 924 crore. Bajaj Auto’s profits in the first quarter of fiscal year 2017 were Rs 978.4 crore.

In the first quarter of fiscal year 2018, Bajaj Auto’s income has decreased by 3.9 per cent to Rs 5854 crore. In the first quarter of the financial year 2017, Bajaj Auto’s income was Rs 6089 crores.

In the April-June quarter on a year-on-year basis, Bajit Auto’s equity has decreased from Rs 1176 crore to Rs 938.3 crore. In the April-June quarter, Bajaj Auto’s Ebidata margin decreased from 20.5 per cent to 17.2 per cent on an annual basis.

In the April-June quarter, Bajaj Auto suffered a lump sum loss of Rs 32 crore. In the April-June quarter on a yearly basis, the other income of Bajaj Auto has increased from Rs 267 crore to Rs 457.3 crore.

Short Term Advice

@Sell Bajaj Auto between 2870 to 2850 targets 2810, 2770 Stop Loss 2933. Hold 1 week.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s