Bajaj Auto Share price: This is Morgan Stanley’s top pick; says best placed in 2-wheeler space
Morgan Stanley thinks 2021 growth will be driven by an urban demand rebound in India and Bajaj Auto with its premium product mix and three-wheelers (3Ws) is well placed to benefit from the same. Although power train disruption is a key risk for OEMs, Bajaj Auto with its geographically diversified revenue mix and investments in compressed natural gas (CNG) and electric vehicles (EVs) is well placed to navigate through that transition.
Morgan Stanley sees improving volumes as a key re-rating trigger for the stock in 2021: Reuters