28-Oct-2026 08:38:40
BAJAJ-AUTOGeneral news
CITI ON BAJAJ AUTO ; SELL | TP ₹10,100 (EARLIER ₹10,000)
• Q2 FY27 results beat estimates, supported by better-than-expected gross margins. • Cost pressures remain elevated despite improved quarterly profitability. • Demand outlook remains positive, but persistent commodity cost inflation poses risks to margins. • Management's commentary on upcoming product launches remains encouraging. • Electric vehicle (EV) business continues to witness strong traction, supporting future growth opportunities. • Citi raises its target price to ₹10,100 from ₹10,000 but maintains its SELL rating amid ongoing cost pressures.
BAJAJ AUTO LIMITED