Nomura Sticks to Their Hold Rating for Bajaj Auto Limited (BAJAJ.AUTO)
Nomura analyst Kapil Singh maintained a Hold rating on Bajaj Auto Limited (BAJAJ.AUTO – Research Report) today and set a price target of INR10,020.00. The company's shares closed yesterday at INR8,607.00.
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According to TipRanks, Singh is a 3-star analyst with an average return of 6.0% and a 66.67% success rate. Singh covers the Consumer Cyclical sector, focusing on stocks such as Bajaj Auto Limited, Eicher Motors Limited, and Exide Industries Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bajaj Auto Limited with a INR9,161.00 average price target, which is a 6.44% upside from current levels. In a report released yesterday, Macquarie also downgraded the stock to a Hold with a INR8,811.00 price target.
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