Sharekhan's research report on Bajaj Auto
We believe export volumes have reached their bottom and would pick up once dollar availability situation improves in the overseas market. The strategic partnership with Triumph would help it to garner additional market share in the premium motorcycle segment. The stock is currently trading at a P/E multiple of 16.4x and EV/EBITDA multiple of 10.9x its FY2025 estimates.
Outlook
We maintain Buy on Bajaj Auto Limited (BAL) with a revised PT of Rs. 4,782, factoring its continued focus on EBITDA margin and an entry into the electric three-wheeler segment.
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