Axis Capital has maintained a ‘Sell’ rating on Bajaj Auto, reducing its target price to ₹7,550 from ₹8,000. The brokerage noted that Q3 EBITDA was largely in line with estimates, while exports showed strong YoY growth in Latin America and sequential growth in Africa.
However, despite new launches, Bajaj Auto lost over 100 basis points in market share during 9MFY25, raising concerns. Additionally, earnings per share (EPS) estimates for FY25-27E were cut by 7% due to lower volume assumptions.
Current Market Price (CMP): ₹8,411.25
Disclaimer: The above information is for informational purposes only and should not be considered as financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making any investment decisions.
