NSE: BAJAJ-AUTO | BSE: 532977

Expensive Rocket

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9115.00 -129.00 (-1.40%)

28.64% Fall from 52W High

321.9K NSE+BSE Volume

NSE 11 Sep, 2025 1:41 PM (IST)

254,543.3

Market Cap

Market Leader

1.2

Beta 1Year

High Volatility

Analyst Downgrade

Morgan Stanley downgrades Bajaj Auto to an 'Underweight' rating; cuts the target price to Rs 8,075 See details

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.

31 Oct 2019

9115.00

-1.40%

BAJAJ AUTO LIMITED

Hold: Bajaj Auto Ltd.

Target

Geojit BNP Paribas

Mixed results; BSVI launch expected next year Bajaj Auto is the world's sixth-largest manufacturer of motorcycles and the second-largest in India. It is also the world's largest three-wheeler manufacturer. The company is based in Pune, Mumbai with plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand. Bajaj Auto...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

31 Oct 2019

9115.00

-1.40%

Bajaj Auto

Results Update: Bajaj Auto Ltd.

SMC online

been marginally in favour and the management said that it had raised product prices in July and September quarter. Due to cost control and low raw material cost Ebitda (earnings before interest, tax, depreciation and amortization) stood at 16.6%, an improvement of about 120...

Bajaj Auto Ltd. has gained 23.45% in the last 6 Months

Bajaj Auto Ltd.

24 Oct 2019

9115.00

-1.40%

Bajaj Auto (2QFY20): Operational beat. Maintain BUY

Buy: Bajaj Auto Ltd.

Target

HDFC Securities

Re-iterate BUY as (1) Industry demand trends are improving after several quarters of decline (2) Bajaj is well prepared for BSVI due to its tie up with KTM. Further, 3W/exports are ~50% of volumes which provides cushion against volatility in domestic 2Ws. (3) Co will launch new premium brands in India including the Husqvarna and Triumph (agreement is expected to be finalized shortly). Bajajs 2QFY20 PAT (Rs 14bn, +22% YoY) was ahead of estimates as operating margins surprised at 16.6% (+110bp QoQ) & lower tax rates aided profitability. Reiterate Bajaj as preferred pick in the sector. Maintain BUY with a revised TP of Rs 3,530 (@ 18x Sep-21E EPS).

Bajaj Auto Ltd. has gained 23.45% in the last 6 Months

Bajaj Auto Ltd.

24 Oct 2019

9115.00

-1.40%

Bajaj Auto: Q2FY20 Result Review

Hold: Bajaj Auto Ltd.

Target

IDBI Capital

Bajaj Auto (BJAUT) Q2FY20 result was below our and above consensus estimates at operating level. EBITDA margin for the quarter stood at 16.6% vs our and consensus estimates of 17.2% and 15.7%. We cut our FY20/FY21 volume estimates by 4%/5% respectively, factoring the current slowdown. We expect two-wheeler industry volumes to be weak over the next 12 months, as cost increases (BSIV to BSVI transition) would hurt 2W industry demand. We cut our revenue and earnings estimates for FY20/FY21 by 3%/8% and 7%/12% respectively on account of lower volumes and higher promotion expenses. We have built in revenue/earnings CAGR of 5%/7% over FY19-21E with ROE...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

24 Oct 2019

9115.00

-1.40%

Bajaj Auto

Hold: Bajaj Auto Ltd.

Recommendation Target

ICICI Securities Limited

BAL stands apart from the competitor pack given the scale of its presence across geographies in both 2-W as well as 3-W segments (FY19 volumes of 25.7 lakh units of which 50% domestic 2-W, 34% export 2-W, 8% domestic 3-W, 8% export 3-W). It has been able to broadly outperform its peers during the ongoing slowdown given the strength of its export performance as well as concentrated focus on the motorcycle segment, which has fared better than scooters and mopeds. This reflects in its market share gains (domestic motorcycle market share of 18.1% as of September 2019 vs. 17.5% YoY)....

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

24 Oct 2019

9115.00

-1.40%

Bajaj Auto: Result Review

Hold: Bajaj Auto Ltd.

Target

Karvy

Returning to Normalcy Maintain HOLD: During Q2FY20, Bajaj Auto Ltd (BAL) sales declined by 4.1 percent YoY to Rs 77.1bn

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

23 Oct 2019

9115.00

-1.40%

Bajaj Auto : Demand seems to have bottomed out

Buy: Bajaj Auto Ltd.

Recommendation Target

LKP Securities

New launches and festive season provide a ray of hope In the domestic MC business, Bajaj launched CT 110 and Platina 110 variants in June-July. They contributed bulk of the CT and Platina sales. Q2 reported a big fall in domestic MC sales at 25% yoy, while in H1, it fell by 12% yoy. With BS VI implementation around the corner, the company...

Bajaj Auto Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

05 Aug 2019

9115.00

-1.40%

Bajaj Auto Ltd. - Result Update - 05 August 2019

Results Update: Bajaj Auto Ltd.

Way2Wealth

Management has guided margins that margins could be bottoming out if raw material prices don't fluctuate much. Rise in fixed cost may weigh on earnings in a difficult macro environment. The outlook on the motorcycle industry still remains weak but Bajaj Auto...

Bajaj Auto Ltd. has gained 23.45% in the last 6 Months

Bajaj Auto Ltd.

29 Jul 2019

9115.00

-1.40%

Bajaj Auto - 1QFY20 Result Update

Sell: Bajaj Auto Ltd.

Recommendation Target

Reliance Securities

Bajaj Auto Ltd. has gained 23.45% in the last 6 Months

Bajaj Auto Ltd.

29 Jul 2019

9115.00

-1.40%

Bajaj Auto: Q1FY20 Result Review

Accumulate: Bajaj Auto Ltd.

Target

IDBI Capital

Bajaj Auto (BJAUT) Q1FY20 result was tad below our and consensus estimates at operating level. EBITDA margin for the quarter stood at 15.4% vs our and consensus estimates of 15.7% each. We expect BJAUT domestic motorcycle sales to decline ~4.5% in FY20 mainly on account of higher base in commuter segment and weak buyer sentiment. We marginally increase our FY20/FY21 volume estimates by 1.9%/0.5% respectively, mainly on account of higher volume from export market. We increase our revenue and earnings estimates for FY20/FY21 by 2.5%/1% and 6%/4% respectively on account of lower RM cost and lower promotion expenses. We have built in...

Bajaj Auto Ltd. is trading above all available SMAs

Is Bajaj Auto Ltd. worth buying?

470 Votes:

Buy 71.7%

Sell 17.45%

Hold 10.85%

RESEARCH REPORTS

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