Bajaj Auto Stock Analyzed
Emkay Global, a company that watches stock prices, has changed its opinion about Bajaj Auto. They’ve upgraded the stock from “Add” to “Buy,” which means they think the stock will do better. This is because Bajaj Auto is now making more interesting products and is doing well in the market.
Key Points
- Bajaj Auto upgraded to “Buy” by Emkay Global.
- Target price increased to ₹11,100 (17% upside).
- Earnings expected to grow by 4-9% by 2028.
- Bajaj Auto is leading the electric three-wheeler market.
- Exports are strong, boosting company profits.
- New motorcycle models will increase Bajaj Auto’s market share.
Why the Upgrade?
Emkay Global believes Bajaj Auto’s profits will go up. They predict earnings per share will increase by around 4% by 2027 and 9% by 2028. They’re also adding extra money to the company – ₹300 per share – because Bajaj Auto is getting better at making things. This is based on a fair price for the company’s shares.
Electric Vehicles – A Big Winner
A really important thing Emkay Global pointed out is that Bajaj Auto is now the number one company selling electric three-wheelers (E-3Ws). As of December 2025, they’ve overtaken Mahindra & Mahindra in this market, selling 31.8% of all E-3Ws. They’re also doing well in the electric two-wheeler (E-2W) market, holding the second spot for four months.
More Good News
The electric vehicle business is already making a profit (called EBITDA), which is good news. Plus, Bajaj Auto is selling more motorcycles, and they are getting better at it. They’re launching new models like the Pulsar and Chetak, and sales are increasing. This will help them take over more of the market.
Global Sales Help Too
Bajaj Auto also sells a lot of its products outside of India, especially in Latin America and Asia. Because of this, and because the Indian rupee is getting weaker, Bajaj Auto is making more money. They expect this to continue.
Overall Growth
When you put everything together, Emkay Global thinks Bajaj Auto’s profits will grow by 14% from now until 2028. They also predict the company will pay out a dividend of 2.7% in December 2027.
“Investing in Bajaj Auto appears to be a strategically sound decision with considerable growth potential.”
