“Upgraded Bajaj Auto to 'Buy' with a raised price target of ₹12,096, implying a 16% upside from Tuesday's close. The upgrade is based on a promising outlook across segments, stronger-than-expected margins, and an expected market share recovery in domestic motorcycles due to a healthy launch pipeline. EPS estimates for FY27 and FY28 were raised by 5% and 9% respectively, with expectations of 20-22% CAGR for revenue, EBITDA, and PAT over FY26-28.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%