Bajaj Auto’s stock surged 2% following DAM Capital’s upgrade from ‘Sell’ to ‘Buy,’ with a target price of ₹9,750. The upgrade reflects optimism about the Indian auto sector’s long-term growth potential.
Factors driving this outlook include expected improvements in rural demand, increasing disposable incomes, and a favorable policy environment.
DAM Capital believes companies with diversified portfolios and strong execution, such as Bajaj Auto, Tata Motors, and Escorts, are poised to benefit from the sector’s recovery.
Bajaj Auto shares opened at ₹8,896.25 and reached a high of ₹9,140.00, while the low remained the same as the opening price. The stock’s 52-week high is ₹12,774.00, and the 52-week low is ₹6,465.20.
As of 9:47 a.m., Bajaj Auto shares were trading 2.38% higher at Rs 9,089.85 on the NSE.
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