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Hot Pursuit
15-Sep-23
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Bajaj Auto spurts after brokerage upgrade, hits 52-week high
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Bajaj Auto surged 5.01% to Rs 5084.60, following an upgrade in the stock recommendation by a foreign broker.
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According to the media reports, the broker raised the rating on the stock from 'neutral' to 'buy' and raised the target price from Rs 5,100 per share to Rs 5,550 per share, suggesting a potential upside of 15% from the previous day's closing price. The broker identified multiple growth drivers for Bajaj Auto, including exports and electric vehicles, which could lead to positive growth in the future. The three-wheeler segment is performing well, and there is also a gradual recovery in two-wheeler sales in the domestic market. Overall, the broker expects a revenue compound annual growth rate of 14-15% in the fiscal years 2023-2026.
Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof. The auto major reported consolidated net profit jumped 41.33% to Rs 1,644.14 crore on 28.82% increase in net sales to Rs 10,311.91 crore in Q1 FY24 over Q1 FY23.
The stock hit a 52-week high of Rs 5121.50 today.
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Previous News |
Bajaj Auto launches India's biggest electric 3-wheeler Bajaj WEGO P9018
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09-Feb-26
17:39
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Bajaj Auto gains after registering 25% YoY growth in Jan’26 auto sales
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Hot Pursuit
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03-Feb-26
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Bajaj Auto Jan sales volumes jump 25% to 4.77 lakh units
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Corporate News
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03-Feb-26
09:08
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Bajaj Auto
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02-Feb-26
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Sensex, Nifty plunge amid STT hike in Budget 2026; PSU Bank shares skid
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Market Commentary
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Quick Review
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Bajaj Auto gains as Q3 PAT rises 19% YoY to Rs 2,503 cr
(
Hot Pursuit
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01-Feb-26
10:19
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Indices trade sideways; breadth positive
(
Market Commentary
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Bajaj Auto Q3 PAT rises 19% YoY to Rs 2,503 cr
(
Hot Pursuit
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31-Jan-26
14:38
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Bajaj Auto consolidated net profit rises 25.24% in the December 2025 quarter
(
Results
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Announcements
30-Jan-26
17:52
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Bajaj Auto to hold board meeting
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Corporate News
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08-Jan-26
16:41
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Bajaj Auto registers 14% YoY growth in Dec'25 auto sales
(
Hot Pursuit
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02-Jan-26
10:19
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