Bajaj Auto’s shares experienced a notable surge of 3% recently, driven by optimistic projections shared by CEO Rajiv Bajaj in an exclusive interview with CNBC.
Bajaj highlighted the company’s expectation of achieving a cumulative sales volume of 4.5 million units by the end of this year, with an even more ambitious target of 4.7 million units for FY25, fueled by a significant uptick in exports.
In the interview, Bajaj reiterated his long-term share price target of ₹20,000 per share, suggesting a strong belief in the company’s growth potential. Bajaj also hinted at the possibility of buying more stock, noting that he sees a favorable upside in the coming weeks.
As of 11:13 am, Bajaj Auto shares were trading 2.82 % higher at Rs 10347.65 on the NSE.
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