1 month ago
Bajaj Auto Shares Hit 52-Week High
Bajaj Auto's share price has been going up a lot recently.
It reached its highest price in a year on July 23rd.
This happened because the company made a lot more money in the first three months of the year compared to last year.
The company sold more motorcycles and made more money from each sale.
Experts think the stock will keep going up, but some say it might take a break or go down a bit before going up again.
The stock is trading above important moving averages, and some experts suggest buying it when it dips.
Bajaj Auto's share price hit a 52-week high of ₹11,333 on July 23rd.
The company reported a 42.3% year-on-year increase in net profit for Q1FY27.
Revenue from operations grew 37% year-on-year to ₹17,243.72 crore.
Total sales increased 29% to 14,38,251 units, with domestic sales up 11% and exports up 54%.
Brokerage firms like Motilal Oswal, Emkay, and ICICI Securities have raised their target prices for the stock.
- Who
- Bajaj Auto
- What
- Share price hit a 52-week high
- Where
- India
- When
- 23 July
- Why
- Strong financial performance and positive technical indicators
Bullish Analysts
Cautious Analysts
Stock Performance
Bullish Analysts
Bullish analysts believe the stock will continue to rise due to strong financial performance and positive technical indicators.
Cautious Analysts
Cautious analysts suggest that the stock may experience profit booking and a correction phase.
Market Outlook
Bullish Analysts
Bullish analysts expect the stock to reach new highs and maintain an uptrend.
Cautious Analysts
Cautious analysts advise investors to be prepared for potential sideways price action and recommend booking profits at higher levels.
Key facts
- Company
- Bajaj Auto
- Share Price
- ₹11,333 (52-week high)
- Net Profit (Q1FY27)
- ₹2,982.84 crore (42.3% YoY increase)
- Revenue (Q1FY27)
- ₹17,243.72 crore (37% YoY increase)
- Total Sales (Q1FY27)
- 14,38,251 units (29% increase)
- Domestic Sales (Q1FY27)
- 11% increase
- Exports (Q1FY27)
- 54% increase
- Brokerage Target Prices
- ₹12,096 (Motilal Oswal), ₹13,700 (Emkay), ₹12,650 (ICICI Securities)
Quotes
Aditya Thukral
Founder and Analyst at AT Research and Risk Managers
“"As per Kumar, the current chart structure points toward further upside, targeting the ₹12,200– ₹12,300 spot range (its previous all‑time high). Any dip down to the ₹10,400– ₹10,700 spot zone should be considered a fresh buying opportunity. Hence, we suggest investors hold existing long positions and wait for some dips to add fresh long positions for a medium to long‑term perspective."”
livemint.com
“"Despite the rise having been with very high volumes, we couldn’t rule out sideways price action if a price‑wise correction is not seen. It seems the bull trend will continue to remain in force in the stock prices, and investors should hold this stock with ₹9,500 as stop losses, which is the higher low of the rally."”
livemint.com
Sources
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