Bajaj Auto's Valuation: Analyzing the Target Price and Market Conditions
Motilal Oswal Financial Services maintains a 'Neutral' rating for Bajaj Auto with a target price of Rs 8,770. Despite Bajaj Auto's Q3 FY25 showing a modest increase in net profit and revenue, the brokerage slightly lowers its earnings forecast due to challenges like domestic market share losses and global economic uncertainty. Bajaj Auto is believed to remain fairly valued despite a stock price adjustment.