28 Oct 2026 | 5 Mins Read
Prabhudas Lilladher recommends accumulating Bajaj Auto with a target of Rs 11,700
Flipitmoney
Prabhudas Lilladher reports strong Q2FY27 results for Bajaj Auto, with robust margins supported by a refreshed portfolio, cost controls, pricing actions, and expansion in EV capacity. The company targets growth in the 125cc+ segment while sacrificing share in entry-level bikes. Revenue, EBITDA, and profit CAGRs for FY26-29E are estimated at 14.7%, 15.9%, and 14.7%. Target price: INR 11,700.