Bajaj auto share price today: Following the release of the company’s Q2 earnings on Thursday, October 17, the price of Bajaj Auto’s stock fell by more than 10% in early trading. On the BSE, the shares fell as high as 10.88% to ₹10,352.70 per share.
Bajaj auto share price today: Bajaj auto Q2 result
In the second quarter of FY25 (Q2FY25), Bajaj Auto recorded a standalone net profit of ₹2,005.04 crore, up 9.2% from ₹1,836.14 crore in the same time the previous year. The car major’s total operating revenue in Q2FY25 climbed from ₹10,777.27 crore to ₹13,127.47 crore, a 22% increase from the same time the previous year.In the aforementioned quarter, EBITDA increased by 24.4% YoY to ₹2,652.4 crore from ₹2,122 crore, while EBITDA margin increased by 40 basis points to 20.2% from 19.8%.
Expert rating on bajaj auto share price
Senior Research Analyst at Emkay Global Financial Services Chirag Jain claims that Bajaj Auto’s Q2 earnings were only mediocre due to a decreased Average Selling Price (ASP).Bajaj Auto was downgraded by the brokerage company from “Reduce” to “Sell,” with a revised target price of ₹9,500 per share. This implies a loss of more than 18% from the closing price on Wednesday. Emkay Global stated that it favors TVS Motor Company’s enhanced growth possibilities in the two-wheeler market over Hero MotoCorp’s superior risk-reward ratio.
With a target price of ₹7,800 per share, foreign brokerage company Citi has rated Bajaj Auto as a “Sell”. It indicates a decline of more than 32%. It thinks that a tiny shortfall in ASPs and gross margin is what caused Bajaj Auto’s Q2 results to come in slightly short of expectations.
Bajaj auto future share price
Bajaj Auto’s two-wheeler volume prospects are favorable, according to Nuvama Institutional Equities, which projects an 8% CAGR over FY24–27E driven by 7% and 10% growth in the domestic and export categories, respectively. “Bajaj Auto’s market share in the electric and CNG vehicle segments is increasing, and in FY27E, it is expected to reach 20% or higher among domestic 2-wheelers.
We plan to increase EBITDA by up to 3% for FY25E–27E. Nuvama Equities stated, “We are building in revenue/EBITDA CAGR of 12%/15% over FY24–27E with an average RoE of ~36%.”Maintaining a “Buy” call, it increased the target price for Bajaj Auto shares to ₹13,200 from ₹12,000 earlier, based on a 38x core earnings for the Sep-26E (35x earlier) and ₹814 in cash and investments per share.
