Bajaj Auto shares will be in focus after Bernstein reiterated its Outperform rating on the stock, with a target price of ₹11,000. The stock last closed at ₹8,899.00.
According to the brokerage, Bajaj Auto continues to demonstrate strong margin resilience across varying operating environments — a key factor behind its solid Q4 performance. The company managed to sustain margins despite multiple headwinds, including the suspension of KTM exports, soft domestic volumes, and a rising mix of electric vehicles.
Bernstein also noted that management conveyed an overall positive outlook, particularly for export markets, which remain a growth lever for the company.
The brokerage believes this ability to defend profitability under challenging market conditions justifies its positive stance on Bajaj Auto, and sees room for further stock upside.
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