NSE: BAJAJ-AUTO | BSE: 532977

Expensive Performer

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8224.00 -5.00 (-0.06%)

35.62% Fall from 52W High

296.9K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

229,661.5

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

Bajaj Auto Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BAJAJ-AUTO, BSE:532977 Bajaj Auto Ltd.

Bajaj Auto Ltd.

22 May 2020

8224.00

-0.06%

Bajaj Auto: Q4FY20 Result Review

Hold: Bajaj Auto Ltd.

Recommendation Target

IDBI Capital

Bajaj Auto (BJAUT) Q4FY20 result was above our and consensus estimates at operating level. EBITDA margin for the quarter stood at 18.4% vs our and consensus estimates of 16.3% and 15.8% respectively. We expect 2W industry to see a double digit decline in FY21 driven primarily by adverse impact of the COVID-19 outbreak on economic growth and discretionary spending. The challenges for the 2W segment are likely to get aggravated as consumer spending will be severely impacted by the outbreak resulting in lower spending power both in urban and rural markets. We believe BJAUT being a major player in 250cc segment could see muted sales for Pulser/Avenger/KTM etc. We...

Bajaj Auto Ltd. has an average target of 10112.50 from 11 brokers.

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Bajaj Auto - Management expects a strong H2 FY21

Buy: Bajaj Auto Ltd.

Target

LKP Securities

Bajaj Auto posted a strong set of numbers in Q4 FY20, as a volume fall 0f 17% yoy was quite arrested by a 10.1% hike in realizations on a better product mix and benign hike in input costs. The topline fell by 8% yoy and 11% qoq. Better realizations, steady forex benefits, RM costs tailwinds led to an 8 quarter high EBITDA margins at 18.4% up from 15.7%/17.9% yoy and qoq respectively. RM costs to sales ratio fell to 70.6% from 74% yoy and 71.8% qoq leading to a robust margin performance. Other income grew by 23%, while depreciation grew by just 4%. On 24% tax rate, net profits zoomed up by 36% yoy to 13.1 bn. On a qoq basis, they grew by 4%. Covid -19 impact to be seen in H1 FY 21, all hopes on H2.....

Bajaj Auto Ltd. has an average target of 10112.50 from 11 brokers.

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Bajaj Auto

Buy: Bajaj Auto Ltd.

East India Securities Ltd

The festivals started on a slow note, but History indicates a strong correlation between weak oil & impact on its exports (FY16 & picked up during the last few days of FY17). We think this will repeat in FY21e as well & expect ~27% YoY degrowth in exports. Navratri/Dussehra post clarification on GST,...

Bajaj Auto Ltd. is trading below all available SMAs

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Bajaj Auto

Hold: Bajaj Auto Ltd.

Target

ICICI Securities Limited

The deep economic impact of the Covid-19 disruption has brought about a role reversal in our immediate and medium term expectations for the auto sector. Earlier, the PV segment was seen outperforming on the back of rising premiumisation content and an expanding UV portfolio. However, with income levels and ensuing propensity to spend under pressure now in the wake of the pandemic, we feel the 2-W space would now be the frontrunner in coming quarters. Within 2-W, rural-heavy motorcycle sub-segment is expected to lead the charge owing to (i) relatively lower Covid-19 outbreak...

Bajaj Auto Ltd. is trading below all available SMAs

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Bajaj Auto (ADD): Strong operational performance

Accumulate: Bajaj Auto Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Bajaj Auto's (BJAUT) Q4 operating performance was well ahead of estimates.

Bajaj Auto Ltd. has an average target of 10112.50 from 11 brokers.

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Q4FY20 Result Update - Better ASP and gross margin drive performance - HOLD

Hold: Bajaj Auto Ltd.

Recommendation Target

Prabhudas Lilladhar

Finacing concerns for domestic 3Ws although no conern on 2W so-far. BJAUT results look better at Revenue/EBITDA/PAT where EBITDA margin came in at 18.4% (PLe 16.2%), expanding 50bp QoQ. The beat in margin was led by higher realizations at Rs68.7k/unit (PLe Rs63.7k/unit) aided by favorable mix and forex movement. We have slashed FY21/22 eps estimates by 5.3%/2.6% as we cut sales by 11%/8% due to uncertainties in both domestic and exports volumes (both in 2W and 3W). BJAUT is already...

Bajaj Auto Ltd. has an average target of 10112.50 from 11 brokers.

Bajaj Auto Ltd.

21 May 2020

8224.00

-0.06%

Result Update:Bajaj Auto

Hold: Bajaj Auto Ltd.

Recommendation Target

Axis Direct

Bajaj Auto reported a resilient Q4FY20, with all round beat. Revenues were down 8% (v/s expectation of 15%), Gross Margin was up 340 bps (YoY) on account of better product mix and favourable currency.

Bajaj Auto Ltd. has an average target of 10112.50 from 11 brokers.

Bajaj Auto Ltd.

20 May 2020

8224.00

-0.06%

Bajaj Auto

Buy: Bajaj Auto Ltd.

Recommendation Target

Sharekhan

Bajaj Auto Limited (BAL) Q4 FY20 results were ahead of our as well as street estimates on account of better realisations per vehicle, driven by a better product mix and higher export realisations. Favourable currency movement and soft commodity prices helped margins beat estimates. Going ahead, the two-wheeler industry is likely to witness faster recovery driven by higher rural exposure. A strong rabi harvest, expectations of good monsoon and the government's recent reforms to open end markets for farmers would boost farm incomes and in turn, two-wheeler demand....

Number of FII/FPI investors decreased from 1032 to 934 in Jun 2025 qtr

Bajaj Auto Ltd.

20 May 2020

8224.00

-0.06%

Above est.; Retail trending at 25-30 %; Expect recovery in 2H

Neutral: Bajaj Auto Ltd.

Target

Motilal Oswal

20 May 2020 Bajaj Autos (BJAUT) strong operating performance was driven by mix and Fx, which supports our view that the company has several levers to protect margins. Volume recovery for both India and exports is expected in 2HFY21, with risk of financing for India and oil prices/Fx devaluation for exports. We downgrade our EPS for FY21/FY22E by 4% as we cut volumes but factor in the favorable Fx. Maintain our rating. 4QFY20 revenue/EBITDA/PAT grew -8%/2%/23% YoY to INR68.2/ INR12.5b/INR13.1b. Realizations grew 10.5% YoY (8% QoQ) to INR68.7k (v/s est. INR64.7k), driven by better mix (higher 3W, exports and premium motorcycles) and Fx. Gross margins improved ~150bp QoQ (+340bp YoY), driven largely by mix, higher share of premium motorcycles and favorable Fx.