|
08 Oct 2025 |
Bajaj Auto
|
Consensus Share Price Target
|
8904.00 |
9307.39 |
- |
4.53 |
hold
|
|
|
|
|
19 Oct 2023
|
Bajaj Auto
|
Axis Direct
|
8904.00
|
5900.00
|
5482.60
(62.40%)
|
Target met |
Buy
|
|
|
Competitive position in the 125cc+ segment, expanding premium MC, E2W portfolio and focus on E3Ws provides operational levers to maintain margins. Gradual exports pick up reaffirms our BUY rating on the stock.
|
|
19 Oct 2023
|
Bajaj Auto
|
SMC online
|
8904.00
|
|
5482.60
(62.40%)
|
|
Results Update
|
|
|
|
|
18 Oct 2023
|
Bajaj Auto
|
Prabhudas Lilladhar
|
8904.00
|
4800.00
|
5137.35
(73.32%)
|
|
Sell
|
|
|
|
|
28 Aug 2023
|
Bajaj Auto
|
Axis Direct
|
8904.00
|
5400.00
|
4600.45
(93.55%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock with a target price of Rs 5,400 with a potential upside of 17% from the CMP.
|
|
27 Jul 2023
|
Bajaj Auto
|
ICICI Securities Limited
|
8904.00
|
5185.00
|
4870.45
(82.82%)
|
Target met |
Accumulate
|
|
|
Bajaj Auto’s (BJAUT) Q1FY24 EBITDA margin at 19%, down 30bps QoQ, was in line with consensus estimate at 19.1%. The slight QoQ dip in margin was due to typical seasonal skew for commuter motorcycles on the back of it being the marriage season. Revenue improved 16% QoQ to INR 103bn driven by 31% QoQ volume growth in 2Ws on domestic front cushioning the weak but improving exports performance.
|
|
26 Jul 2023
|
Bajaj Auto
|
Prabhudas Lilladhar
|
8904.00
|
4575.00
|
4870.45
(82.82%)
|
Target met |
Sell
|
|
|
|
|
26 Jul 2023
|
Bajaj Auto
|
Axis Direct
|
8904.00
|
5400.00
|
4870.45
(82.82%)
|
Target met |
Buy
|
|
|
We therefore value the stock at 17x its Jun'25E core EPS (Rs 4,348/share), add for the company's stake in PMAG and surplus cash reserves at 1x book value to arrive at our TP of Rs 5,400/share (from Rs 4,785/share earlier), implying 11.5% upside from the CMP. We maintain our BUY rating on the sto..
|
|
26 Jul 2023
|
Bajaj Auto
|
SMC online
|
8904.00
|
|
4870.45
(82.82%)
|
|
Results Update
|
|
|
|
|
10 Jul 2023
|
Bajaj Auto
|
Hem Securities
|
8904.00
|
5980.00
|
4917.65
(81.06%)
|
Target met |
Buy
|
|
|
|
|
17 May 2023
|
Bajaj Auto
|
Geojit BNP Paribas
|
8904.00
|
4870.00
|
4529.35
(96.58%)
|
Target met |
Hold
|
|
|
|