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Bajaj Auto stocks: Reduce Bajaj Auto, target price Rs 6080: Prabhudas Lilladher

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Export Incentives, Other Operating Revenue, Royalty Income and Scrap for the year ending 31-Mar-2023.

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Stocks in news: TCS, MCX, Delta Corp, Bajaj Auto, Vinati Organics, Aurionpro Solutions

The exchange is set to go live with its new commodity derivative platform from Monday. The exchange will conduct a mock trading session on October 15.

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rating: Bajaj Auto shares jump 5% after BofA upgrades stock to 'Buy'

BofA Securities upgraded the stock to 'Buy' from 'Neutral' and hiked the target price to Rs 5,550 from an earlier target of Rs 5,100. The American brokerage firm said that all business segments of Bajaj Auto are now well-positioned for positive growth in FY25. It expects a 14-15% revenue CAGR over FY23-26.

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Markets: We will see some recovery in exports in about a quarter's time: Rakesh Sharma, Bajaj Auto

Now, with their central bank stepping in, you can see that the effort is to converge the two and just have one so from a longer term perspective, this is a very-very welcome news if a large market like this starts to get reorganised.

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Bajaj Auto's Pulsar bikes are still selling fast but its auto rickshaws aren't⁠— it may squeeze the margin


15%Source: Brokerage reports
Meanwhile, the share price of Bajaj Auto has risen nearly 28% since September 30, as the investors cheered robust sales growth during the quarter. The stock achieved a milestone in December after its market value crossed the ₹1 lakh crore ($14 billion) mark on the Indian stock exchanges.
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Here’s what to expect from Bajaj Auto in Q3
While the three-wheeler continued to stay under pressure, Bajaj’s third quarter sales were 9% better than the same period last year. The analysts’ reports credit the year-end offers and the festive demand for the spike in revenue aside from the sharp jump in exports.

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