CMP: 1450


Bajaj Auto Limited manufactures and distributes motorized two-wheeled and three-wheeled scooters, motorcycles and mopeds.

Bajaj Auto has been bullish on the chart consistently. Its a large cap trading at a P/E of 17. High dividend yields of 2.76% in the last 12 months. Revenues are consistent and growing. NPM has spiked to 16% in FY10 from 7% before that. NPM has maintained at 16% in FY11 also. Revenues have grown at 30% in FY11 and is a major positive. Its an excellent bet for long term investor. Buy, Accumulate on dips of 10% and hold for long term gains.