Bajaj Auto is engaged in the business of development, manufacturing and
distribution of automobiles such as motorcycles, commercial vehicles etc.
and parts thereof.ON the asset and cash management side also the company looks stable with
a name sake debt equaling to 0.1x of equity. Currently, the stock trades at
17.1x of its earnings and delivers 21 RoE. It also pays out at least 35%
dividend. With concrete business and steady returns, we recommend BUY on
the stock.

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