Bajaj Corporation: Unblemished growth; Buy

Jul 01 2014, 14:01 IST
Comments 0
SummaryCompetition in almond-based hair oils is benign. Dabur’s Almond Hair Oil has failed to gain more than 4% market share.

Competition in almond-based hair oils is benign. Dabur’s Almond Hair Oil has failed to gain more than 4% market share. Also, Keo Karpin is not investing in pushing its brands. This has led to Bajaj Corp. gaining market share. The market-share ratio of Bajaj Corp. to Keo Karpin has risen from 4.34 to 4.44. We expect 13% earnings CAGR for the company in FY14-16. We value the stock at target price of `270, at PE of 18x FY16e earnings.

Read Full Report

Ads by Google

More from Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...