Bajaj Auto makes history today by reaching an all-time high. Yesterday’s share closed at Rs 5750; today’s share opened at Rs 5790. Day high and close price are the same. With a 57% rise in shares this year, Bajaj Auto has had its highest yearly performance. The company’s strong financial performance, improved sales, and positive market sentiment have contributed to this spectacular increase.
Some Key Factor About Bajaj Auto Rally
Strong Quarterly Result: For the July–September quarter, Bajaj Auto posted a standalone net profit of Rs 2020 crore and net sales is Rs 10838 crore , above analysts’ estimates and representing a 20% YoY increase. Better sales of high-end motorcycles and three-wheelers—which increase margins—were the primary driver of the impressive quarterly profit.
Festival Season: This is a key factor about bajaj auto sales boost speacialy two wheeler segment beacuse famous festivals are running like Durga puja, Diwali and wedding etc. The holiday season witnessed a 50% YoY spike in 125 CC+ bikes, according to experts, and a steady rebound in exports contributed to a 20% YoY increase in the company’s total growth.
Brokerage Farm Rating:
The target price was increased from Rs 6,100 to Rs 6,400 by JP Morgan, which has maintained a “overweight” rating.
Along with maintaining its “overweight” rating, Morgan Stanley increased its target price for the company from Rs 5,450 to Rs 6,230
Bajaj Auto Future Aims:
Boost sells: Rajiv Bajaj, CEO of Bajaj Auto, states that the company intends to meet its monthly sales goal of 10,000 Bajaj Triumphs. The company also anticipates a significant increase in production and sales in the third quarter of the current fiscal year, with a target of 18,000 units.
Rajiv Bajaj said that the business has to concentrate on expanding its distribution network in addition to building capacity. We still have a long way to go until we develop the necessary distribution footprint, he added. I suppose we could have around 74 dealers today, compared to, say, 1,000 for Royal Enfield or 800 for Bajaj.
Launch CNG Two Wheeler:
Bajaj Auto’s chief executive officer (CEO), Rajiv Bajaj, announced that the company is now working on a two-wheeler CNG and intends to launch it in 2025.
In an interview on November 22, Bajaj said there aren’t any CNG two-wheelers available anywhere in the world right now. He continued by talking about the numerous rules and levies that the two-wheeler industry must comply with. He said that the three-wheeler sector has switched to compressed natural gas (CNG) in around 60% of cases.
About Bajaj Auto
.From its founding, Bajaj Auto, a major force in the Indian and international two-wheeler markets, has led the way in innovation and quality. Since its founding in 1945, the business has made a name for itself in the automotive sector, especially in the manufacture of motorbikes and scooters. With time, Bajaj Auto has come to represent affordability, performance, and dependability.
Bajaj Auto Journey: Scooters were Bajaj Auto’s first product, and the business soon established a reputation for producing high-quality, fuel-efficient automobiles. When Japanese motorcycle maker Kawasaki and Bajaj Auto partnered in the 1980s, the firm embarked on a new chapter in its history. Many popular bikes were introduced into the Indian market as a result of this partnership.
Iconic Bajaj Pulsar Series: In 2001, Bajaj Auto underwent a major turning point with the introduction of the Pulsar series. The Pulsar bikes brought stylish styling and potent performance at reasonable pricing, completely changing the motorcycle market in India. The Pulsar brand took off almost once, attracting a diverse customer base that included both regular commuters and speed-loving aficionados.
