The shares of Bajaj Auto, which have been galloping for the last few days, have closed with gains even today. The company’s stock closed at Rs 4,284 (Bajaj Auto Share Price Today) with a gain of 2.55 per cent on the National Stock Exchange (NSE) today. At the same time, the stock touched a level of Rs 4,307.35 intraday, its new 52-week high. Today, for the eighth consecutive day, there has been an increase in the shares of Bajaj Auto. The stock has gained 13 per cent in 8 trading sessions. Not only this but now this stock is trading close to its record high of Rs 4,361.
Bajaj Auto’s stock closed at Rs 4177.40 yesterday. Today it started business from this level. The auto stock has gained nearly 8% in the last 5 trading sessions. This stock has gained 13.38 per cent in a month. In the last 6 months, this stock has jumped about 19 per cent. In 2023, there has been a growth of 19.87 per cent so far.
Market experts say that after Bajaj Auto acquired the sales and marketing operations of British company Triumph India (Triumph Inida) and joined with some other companies, the company’s shares have risen. On 11 April, Bajaj Auto informed about the acquisition of sales and marketing operations of Triumph India (Triumph India) in a regulatory filing. By the end of the year, both companies will jointly launch the mid-size bike in the market.
According to a report in Moneycontrol, Bajaj Auto has also joined hands with KTM and Husqvarna to produce powerful bikes. These bikes will be made at the company’s Chakan plant. This plant can manufacture 12.2 lakh units annually. In the partnership with both companies, Bajaj Auto Hire will make not only CC bikes but also new models will be launched in the mid-size category. These will be sold under the Triumph badge.
Margins are expected to increase in the March quarter
According to a report by MK Global Financial Services, Bajaj Auto’s Ebitda margin in the March quarter (Q4FY23) may increase by 196 basis points annually. This will be due to increasedin prices, a better mix and depreciation of the rupee. On the other hand, there is no change in the Ebitda margin every quarter.