Bajaj Auto shares could jump 20% on export growth and EV push, CLSA says
Published on 06/06/2025 09:42 AM
Bajaj Auto shares could jump 20% on export growth and EV push, CLSA saysBrokerage firm CLSA expects export growth of 15–20% in FY26, led by robust demand from Latin America and Africa.By Meghna Sen June 6, 2025, 9:42:29 AM IST (Updated)2 Min ReadShares of two- and three-wheeler manufacturer Bajaj Auto Ltd. opened higher on Friday, June 6, after global brokerage firm CLSA maintained an ‘Outperform’ rating on the stock.
CLSA has a price target of ₹10,149 per share for Bajaj Auto, indicating a potential upside of up to 20% from current levels.
The Hong Kong-based brokerage firm, in its note, highlighted multiple growth drivers for the company. It said that Bajaj Auto is targeting growth in the 125cc+ segment through a refreshed Pulsar lineup or potentially a new brand.
The company plans to launch a new Chetak electric scooter equipped with a 3kWh battery, which could strengthen its share in the electric two-wheeler (e2W) market.
CLSA expects export growth of 15–20% in FY26, led by robust demand from Latin America and Africa.
A turnaround in KTM is anticipated by 2026, following restructuring and Bajaj gaining greater control.
Bajaj also plans to introduce a lithium-ion e-rickshaw, complementing its existing electric three-wheeler (e3W) portfolio.
For the March quarter, Bajaj Auto reported a steady set of earnings. It saw an in-line revenue and EBITDA performance, led by a 3% volume growth in the March quarter. Margin stood at over 20% for the sixth straight quarter.
Of the 44 analysts that have coverage on Bajaj Auto, 24 of them have a 'Buy' rating on the stock, 13 say 'Hold', while seven have a 'Sell' rating.
Bernstein has the highest price target on the Street at ₹11,000, while Kotak Institutional Equities has the lowest target at ₹7,250.
Shares of Bajaj Auto are trading with gains of 0.26% on Friday at ₹8,579.50. The stock has tumbled 33% from its 52-week high of ₹12,774, which it had hit on September 27 last year.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.First Published: Jun 6, 2025 9:31 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBajaj AutoBajaj Auto Shareshare market today