Lot size : 125 shares
Last close : Rs. 2795.15
Today shall open at 2805 ... 2810...!!!
Shall zooooooooom to 2840 ... 2900 ... 2980 ... 3500 ....!!!
BEFORE READING THE RECAP ...
Just read these 3 MAJOR BREAKING news of yesterday evening (including after market hours news) ...!!!
First, the company's Director Madhur Bajaj personally has increased stake from 6.8 lakh shares to 10 lakh shares ... Yes bought a huge 3.2 lakh shares in last two days investing Rs. 88.96 crores ... the buy price works out to Rs.2780.25 per share (Source BSE Website disclosures ... yesterday after market hours news) ... Close in cash yesterday was 2784 ...!!! Just imagine what will happen to the price of this stock ....!!!
Second, the company was awarded the NDTV Profit business leadership award 2010 at the hands of honourable finance minister of India ...!!!
Third, Bajaj auto after recording highest ever monthly sales in July ... re-writes history posting the highest ever monthly sales in the month of August 2010 ... an unbelievable growth of 55 % in all segments ... Highest ever monthly sales of Discover, Pulsar, three wheeler sales totaling to 329,364 units ...!!!
Other Breaking news:
Fourth, From the NSE stock exchange ... Bajaj Auto after a period of 2.5 years is re-entering the NSE's S&P CNX Nifty from October 1, 2010 ... Expect a sharp upside in this month ... tgt 2980 ... 3500 very soon ...!!!
Fifth, Venturing into the four wheeler segment ... the company recently declared that it will supply low-cost cars to foreign giant ... Renault SA for local sales ... as an OEM ...!!! The new structure shall enable Bajaj to widen its product range beyond motorcycles and three-wheelers without incurring marketing costs as rising incomes encourage Indians to switch to four-wheeled vehicles. The company had planned to take a 50 percent stake in a venture with Renault and Nissan Motor Co. that would build and sell a $3,000 competitor to Tata Motors Ltd.'s Nano, the world's cheapest car ...!!!
Sixth, Bonus 1:1 Ex - date 08/09/2010 ... Expect a huge rally of Rs.200 - 250 before that ...!!!
RECAP
Bajaj Auto is the pulse of the Indian and is a name which needs no introduction ...!!! Very few know that Bajaj Auto Limited (BAL) is the world's fourth largest two wheeler and three wheeler manufacturer and the brand Bajaj is well known across several countries in Latin America, Africa, Middle East, South and South East Asia . The company is the largest exporter of two wheelers and three wheelers in the country. The company has two subsidiaries, viz. Bajaj Auto International Holdings BV and PT Bajaj Indonesia ...!!!
We very very strongly recommend this stock as a screaming buy at the opening bell today ... Yes lot of positives for the company ...
Technically, looking highly explosive at current levels ... Yes technicals + following facts say so ...!!!
First, on an equity base of just Rs. 144.68 crores the company declared a net profit of Rs. 1700.11 crores for the financial year ended 31st March, 2010 as compared to a net profit of just Rs. 654.50 crores for the financial year ended 31st March, 2009 ....!!! A jump of almost 160 % in net profits ...!!! Unbeleivable but true ...!!!
Second, the company is sitting on a huge cash reserves of Rs. 2783 crores which is almost 19 times of the entire equity ...!!! The company declared a very handsome dividend of Rs. 40 per share for the year 2009-10 and has already announced a bonus issue of 1:1 recently ....!!! Really a great company for the shareholder's to take pride in owning the share of this company ...!!!
Major positive announcements from the company recently:
Bajaj Auto Limited registered highest quarterly motorcycle sales in Q1 FY11. Its sale stood at 928,336 vehicles during the quarter. The company's market share currently stands at 33% with brands like Pulsar & Discover contributing over 80% of the total domestic sales ...!!! In July, the company recorded it's highest every monthly sales of 65 % in the two wheeler + three wheeler segment ...!!! Exports continue to be ahead of plan ...!!!
In Q1 FY11, BAL reported EBIDTA margin of 20.8% which is the best in the industry ...!!!
Bajaj Auto Limited expects that its two key brands the Discover and Pulsar will register a sale one million units each in FY 2011. For Q1 FY11 Discover averaged 110,000 units a month while the Pulsar averaged around 76,000 units a month. Overall the company expects to sell 4 million units in FY 2011. The company's capacity will increase to 5 million units by the end of FY 2011 ...!!! Bajaj Auto Limited continues driving volumes through the sales of Discover and garner higher margins with the sales of the various variants of Pulsar, thus making the business more profitable than before. In the three wheeler segment, the company expect the growth to continue from exports especially from Markets like Sri Lanka , Egypt , Bangladesh to some extent from Africa ...!!!
Breaking News : Double Dhamaka ... !!!
Bajaj Auto, which has had a heady run with the Pulsar and Discover motorcycles, is now preparing the groundwork for the next phase of growth. The managing director of the company said this hardly two days back ... "We are looking at a fresh onslaught of products which will keep our growth momentum going. Will it be a new Pulsar or Discover? ... From the company's point of view, the most heartening news is that it finally has a strong foothold in the commuter segment where Hero Honda is the market leader. The fact that the Discover brand has overtaken the Passion and is now second to the Splendor has also been cause for cheer ...!!! Thumbs up for BAJAJ ...!!!
From the NSE stock exchange ... Bajaj Auto after a period of 2.5 years is re-entering the NSE's S&P CNX Nifty from October 1, 2010 ...!!! The auto major was earlier excluded from Nifty in March 2008 and is now getting the royal tag of NSE's Nifty ...!!! Friends, history confirms that the stocks which are slated to enter the NSE Index exhibit a major upward rally and run up in price upto the day of inclusion ...!!! So guess what would be the price of Bajaj Auto ... ssshhhh ... heard on the street ... 3500 ...3750 ...!!! August Sales nos shall be declared next week and they are simply mind boggling ... just save this article of today and remember us after few days ...!!!
Shareholding pattern of the company is simply mouth watering ... just 17.03 % with the public ... rest everything with promoters, FIIs having 18.58 % plus Institutions plus corporate bodies ...!!! Yes there is very low floating stock of the company with Indian public ... Most analysts consider this as a very good sign for explosive price jumps for fundamentally good companies ... !!!
Our reliable sources confirm that very soon the company will declare the launch of it's new variant ...!!! SSShhh leading operator from Mumbai has become active in this stock again .... they say stock will jump by atleast Rs.45 to Rs.70 today itself and by Rs.200 in a day or two ...!!!
Technically, charts indicate that today itself stock is ripe for a blast of Rs. 70 ... expect a huge sharp spike on the upside today ... Short sellers have been trapped badly and will not get chance to cover their positions ...!!! Starting at 09:00 am ... you will see the stock price going up and up and up ... 100 % stock should open with a huge gap at 2805 ... 2810 and blast on the upperside to 2840 which is a minor hurdle ... above this Rs.2900 ...!!!
Stock is trading very strong above all it's moving averages and F&O + cash volume data clearly suggests huge upside from here .... Sensex movement or world markets will not affect the fortunes of this auto major ... Intraday Traders ...
Grab at any price at opening bell and sell at end session after eating a cream of Rs. 45 to Rs. 70 atleast ... Others to hold upto 2980 atleast ... Just do not miss this explosive rally of Rs.200 ... Short sellers if you get a chance better square your positions ... or else BAJAJ aapka BAJA baja dega ...!!!
Once again Bulls ... Aaj ka stock market ka SARTAJ ... hamara BAJAJ ...!!!
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