Bajaj Auto Q2 Review: Strong Beat Despite Cost Pressures; Valuations Reasonable, Says Jefferies; Citi Hikes Target
Jefferies and Citi rate stocks including Bajaj Auto.
· NDTV Profit
Jefferies considers Bajaj Auto's valuation of around 20 times FY28 estimated earnings reasonable. It maintained its Hold' rating on Bajaj Auto with a target price of Rs 11,500, raising its FY27-FY29 earnings estimates by 4-5%.
Key facts
- Period
- FY28 and FY27
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies and Citi, with ratings on the stocks named. The stocks: Bajaj Auto.
- Over three months: Bajaj Auto -9.5% against Auto -7.7% (1.8 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bajaj AutoBAJAJ-AUTO · Auto | ₹10,350.00 | -0.3% | -4.8% | -9.5% | -16.3% | 1.4× | — |
Auto
1M -5.8% · 3M -7.7%
Bajaj Auto
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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