Bajaj Auto Q2 Review: Strong Beat Despite Cost Pressures; Valuations Reasonable, Says Jefferies; Citi Hikes Target
Jefferies and Citi rate stocks including Bajaj Auto.
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Jefferies considers Bajaj Auto's valuation of around 20 times FY28 estimated earnings reasonable. It maintained its Hold' rating on Bajaj Auto with a target price of Rs 11,500, raising its FY27-FY29 earnings estimates by 4-5%.
Key facts
- Period
- FY28 and FY27
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies and Citi, with ratings on the stocks named. The stocks: Bajaj Auto.
- Over three months: Bajaj Auto -7.1% against Auto -5.4% (1.7 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bajaj AutoBAJAJ-AUTO · Auto | ₹10,656.00 | +2.6% | -7.9% | -7.1% | -13.8% | 1.1× | — |
Auto
1M -7.3% · 3M -5.4%
Bajaj Auto
Prices as of 28 Oct 2026, 09:42 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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