Technical Analyst Satguru Pankaj Jain Capital has maintained a grade of 'hold' in Bajaj Auto Ltd shares with the objective of Rs 2246.
The strict stop loss of Rs population of 2175.
Today, the company's shares opened at Rs 2200 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2210 and a minimum of Rs 691 on BSE.
Current EPS & P / E ratio stood at 128.74 and 16.97 respectively.
For the three months ending March 2010, Bajaj Auto, has been a fourfold increase in net profit to Rs 528.65 million rupees compared with net income of Rs 130.21 crore in the corresponding quarter last year.
second largest manufacturer of two-wheelers in India, said that income recorded strong in the back of strong demand for newly launched bikes expenses and a lower overall tax, especially duty-free facilities in Pantnagar, Uttarakhand.
During the quarter, the company of two and three wheelers sales rose by 83.74% to 8,08,973 units, against 4,40,269 units sold in 2009.
Net sales during the period under review rose 73.34% to Rs 3,290 crore, while operating profit grew by 22.9%.
French automaker Renault and Bajaj Auto principal jointly manufacture of ultra low cost car with Nissan.
The price of the new car was $ 2500 round mushroom.
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