Bajaj Auto Share Price is in the news after a 3% dip in the market. It is one of India’s leading two-wheeler manufacturers. The company has been facing a setback. The Maharastra State GST has issued a tax demand of Rs 138 Crore for citing different tax liability on auto parts classification. This led to a decline in share price.
Bajaj Auto Share Price in Today’s Market
As of today 4th March Bajaj Auto Shares are trading at Rs 7480.80 which is 3.10% down from opening already. Bajaj Auto Shares opened at Rs 7652.10 today. According to moneycontrol the UC limit is set at Rs
Company Financials
Bajaj Auto Shares are experiencing ups and downs in the market. As per the company’s last quarter financial report, it have made a growth of 58.48% in net profit in Q3 compared to last year. Also, total assets increased by 10.02% totaling at Rs 34338.02 Crore. On the other hand, liabilities increased by 63.81% to Rs 9477.52 Crore.
Recent News about Bajaj Auto
Bajaj Auto has been in the news because of GST department of Maharastra challenged the company for Auto pars classification under 18% GST which should have been 28%. Leading to a tax demand of Rs 138 Crore.
It is providing financial support for KTM parts as restructuring efforts. Also, the company has significant investment plans for growth in upcoming years.
Recommendation of Buy or Sell
As the tax demand came from Maharastra the share prices have been affected. However, the company’s long-term goals remain promising. This creates a strong sentiment for investors. According to moneycontrol website, 50% of the analyst suggest ‘Buy’ for the shares and 10% suggest ‘Sell’.
All the information mentioned above is for information purposes only. Investors are advised to verify all the necessary documents before making any investment.
