BAJAJAUTO

BAJAJAUTO

31.12.2021 - Morgan Stanley on Bajaj Auto OverWeight, TP Rs 4742
 
CITI ON BAJAJ AUTO - Maintain Sell, Target at Rs 3000/sh  -18.08.2021

• Demand outlook is cautious 
• Financing has recovered in 2Ws but not in 3Ws

• Chip shortage should ease out 

• Some moderation in pace of commodity cost increase