Those who are holding Bajaj Auto or V2 Retails should stay invested.
As per the latest, managements have come up with good guidelines
Bajaj Auto -
Management expects significant Increase in the unit sales during FY 17.
June 16 top line though low - bottom line was high.
Reserves are clocking higher levels.
Management is expecting 20% growth in FY 17.
Good holding by Promoters at 50% and 26% by DIIs.
ROE improving and it is a debt free company - Decent dividend paying company with good business model.
Good revenue growth expected.
Company in the race for opening new outlets across the country.
Good holing by promoters at 62% besides nominal presence by DIIs.
Margins n ROE improving.
Top line and bottom line for June - good.
Operating profit healthy.
With all the best.