|
11 Sep 2025 |
Bajaj Auto
|
Consensus Share Price Target
|
9113.50 |
9213.85 |
- |
1.10 |
hold
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
ICICI Direct
|
9113.50
|
4100.00
|
3936.75
(131.50%)
|
Target met |
Hold
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
ICICI Securities Limited
|
9113.50
|
4051.00
|
3717.40
(145.16%)
|
Target met |
Accumulate
|
|
|
Bajaj Auto’s (BJAUT) Q3FY23 EBITDAM came in at 19.1% (up 180bps QoQ) vs our estimate of 18%. Combined effects of favourable currency rates (3% impact of QoQ USD/INR rate movement), higher spare sales, higher domestic 3W mix and falling input commodity prices drove gross margin (GM) expansion of 280bps QoQ with ASP increasing 7% QoQ.
|
|
27 Jan 2023
|
Bajaj Auto
|
SMC online
|
9113.50
|
|
3936.75
(131.50%)
|
|
Results Update
|
|
|
|
|
27 Jan 2023
|
Bajaj Auto
|
Axis Direct
|
9113.50
|
4170.00
|
3936.75
(131.50%)
|
Target met |
Buy
|
|
|
We value the stock at 15x (from 16x earlier on lower exports outlook) its FY'25E core EPS (Rs 3,864/share) and add Rs 306/share for the company's stake in PMAG to arrive at our TP of Rs 4,170/share (from Rs 4,000/share earlier). The TP implies an upside potential of 12% from the CMP.
|
|
26 Jan 2023
|
Bajaj Auto
|
LKP Securities
|
9113.50
|
4224.00
|
3717.40
(145.16%)
|
Target met |
Buy
|
|
|
|
|
18 Oct 2022
|
Bajaj Auto
|
Geojit BNP Paribas
|
9113.50
|
3910.00
|
3668.60
(148.42%)
|
Target met |
Hold
|
|
|
|
|
17 Oct 2022
|
Bajaj Auto
|
ICICI Securities Limited
|
9113.50
|
3735.00
|
3570.50
(155.24%)
|
Target met |
Hold
|
|
|
Bajaj Auto’s (BJAUT) Q2FY23 EBITDA margin came in higher at 17.2% (up 104bps QoQ) vs consensus estimate of 16.2%.
|
|
17 Oct 2022
|
Bajaj Auto
|
IDBI Capital
|
9113.50
|
3981.00
|
3629.00
(151.13%)
|
Target met |
Hold
|
|
|
|
|
16 Oct 2022
|
Bajaj Auto
|
ICICI Direct
|
9113.50
|
3910.00
|
3655.85
(149.29%)
|
Target met |
Hold
|
|
|
|
|
16 Oct 2022
|
Bajaj Auto
|
Prabhudas Lilladhar
|
9113.50
|
3865.00
|
3629.00
(151.13%)
|
Target met |
Hold
|
|
|
|