Bajaj Auto, one of the leading 2 and 3 wheeler makers, will be announcing its third quarter financial results today, Jan. 15, 2015.

Angel Broking expects on the topline front, growth of 9% yoy driven primarily by higher export realization and better product mix. Volumes have remained flat on yoy basis. On the operating front, margins are estimated to dip 180 bp yoy to 20.3% on back of increased competitive intensity in the domestic motorcycle space and price reductions in certain export markets. Net Profit is expected to decline marginally 2% yoy to Rs 8.89 billion.

Key factors to watch out; export realization; management strategy on regaining domestic motorcycle market share; commentary on competitive pressures in the domestic segment; update on launch of quadricycles. We maintain our Accumulate rating on the stock with a target price of Rs 2,678,'' it added.

Shares of the company gained Rs 9.30, or 0.39%, to trade at Rs 2372.95 at the BSE (10.47 a.m., Thursday).