Shares of Bajaj Auto rose sharply on Tuesday, reaching a 52‑week high of ₹9,783.50 after a brokerage upgraded the stock.
What drove the jump?
The domestic broker Emkay Global raised its view on Bajaj Auto from “Buy” to “Add” and lifted its price target to ₹11,100, suggesting about a 17% upside.
Recent sales numbers
- December sales grew 14% year‑on‑year, hitting 3.6 lakh units.
- Domestic sales were up 4% to 1.69 lakh units.
- Exports surged 25% to 2 lakh units.
- Two‑wheelers rose 14% YoY to 3.10 lakh units.
- Three‑wheelers climbed 17% YoY to 59,456 units.
Why analysts are optimistic
Emkay highlighted a rebound in the Indian two‑wheel market and strong export momentum, especially to Latin America and Asia. A refreshed Pulsar motorcycle line slated for 2026 should help earnings grow about 14% per year through FY28.
Stock performance at a glance
- Up about 4% over the last five trading sessions.
- Gained 14.6% in the past six months.
- Up 10% over the past year.
- Delivered a 175% return over the last five years.
Takeaway for investors
The combination of higher sales, a stronger export mix and an upgraded target price makes Bajaj Auto an attractive bet for retail investors looking for upside, though market volatility always remains a risk.
Disclaimer
Remember, this is just my perspective, not a prediction. Do your own research or consult a certified financial advisor before making any investment decisions.