IIFL has maintained its buy rating on Bajaj Auto with a target price of Rs 1030 in its May 22, 2009 research report. “Bajaj Auto’s operational 4QFY09 results were much better than the street’s expectations. EBITDA margin adjusted for one-off items expanded 150bps QoQ, driven by…
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Buy Bajaj Auto, target of Rs 1030: IIFL
Posted on: May 25th 2009 in Brokerage Recommendations.
IIFL has maintained its buy rating on Bajaj Auto with a target price of Rs 1030 in its May 22, 2009 research report. “Bajaj Auto’s operational 4QFY09 results were much better than the street’s expectations. EBITDA margin adjusted for one-off items expanded 150bps QoQ, driven by…
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