Archive · 6 Jun 2025
Bajaj Auto Shares Could Surge on Export and EV Growth, CLSA Says
Bajaj Auto, a company that makes motorcycles and scooters, might see its stock price go up.
A financial company called CLSA thinks the stock could increase by about 20%.
This is because the company is doing well with its exports, especially in places like Latin America and Africa.
They are also planning to sell more electric scooters and e-rickshaws.
For the past six months, the company made a profit margin of over 20%.
Many experts recommend buying the stock, but others say to hold or sell.
CLSA maintained an 'Outperform' rating on Bajaj Auto.
CLSA has a price target of ₹10,149 per share, indicating potential upside.
Bajaj Auto plans new Chetak electric scooter.
CLSA expects 15-20% export growth in FY26, led by demand from Latin America and Africa.
Of 44 analysts, 24 have a 'Buy' rating on Bajaj Auto stock.
- Who
- CLSA, Bajaj Auto
- What
- CLSA maintained 'Outperform' rating on Bajaj Auto; anticipating growth.
- When
- Reported on Friday, June 6.
- Where
- Hong Kong (CLSA)
- Why
- Due to export growth, EV push, and other growth factors.
- Current Share Price
- ₹8,579.50
- CLSA Price Target
- ₹10,149 per share
- Potential Upside
- Up to 20%
- 52-Week High
- ₹12,774
- Highest Price Target (Bernstein)
- ₹11,000
- Lowest Price Target (Kotak)
- ₹7,250
- Margin
- Over 20% for six straight quarters
- Analysts 'Buy' Rating
- 24 of 44 analysts