Bajaj Auto: Hot Chips to Make a Quick Buck

Posted by admin

July 3, 2008

Bajaj Auto, one of the Indian biggies in the auto pack, seems to be on the investor’s radar lately. Though the de-merger from the holding company, Bajaj Holdings and Investments (BHIL), into Bajaj Auto (BAL) and Bajaj Finserv (BFS) has eroded value for shareholders. But given the shift in the company’s strategy, which is focused on premium bikes segment, investors’ interest is beginning to pick up in the scrip. It is being said in broking circles that the company has further increasd its stake to 24.5 percent from 14.5 per cent previously. Thus, this could be a trigger for the scrip and, hence, there is a possibility that it might gain momentum in the coming days. Investors with higher risk appetite can think of taking an exposure for making a quick buck.

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