CLSA has an ‘Outperform’ rating on Bajaj Auto and has raised its price target to ₹13,466. The revised target implies a potential upside of 15% from the stock’s closing price of ₹11,700 on Thursday.
The brokerage’s positive view comes as Bajaj Auto rolls out a series of new Pulsar refreshes and facelifts, with three more launches planned during the upcoming festive season. The company also plans to introduce two new brands in the first quarter of CY27.
“We will be launching three new products in the next 45 days and also roll out two new brands,” Bajaj Auto Managing Director Rakesh Sharma said on the sidelines of the launch.
Sharma added that the company has launched 12 models since October last year.
CLSA continues to view Bajaj Auto as its top pick among two-wheeler stocks over the next 12 months, citing several factors.
The brokerage expects Bajaj Auto to benefit from a relatively favourable base in the second half of FY26, after the company lost market share amid a lack of major launches during the period.
It also expects the company’s new product launches to help recover some of the market share lost in the 125cc segment, while strong export growth and rising electric two-wheeler volumes are expected to support overall performance.
CLSA also highlighted Bajaj Auto’s ability to maintain robust margins despite elevated input commodity costs as another positive.
Of the 49 analysts that have coverage on Bajaj Auto, 34 of them have a ‘Buy’ rating, seven have a ‘Hold’ rating, while eight have a ‘Sell’ call on the stock.
Bajaj Auto shares ended 0.20% lower at ₹11,700 on Thursday. The stock has gained more than 22% so far in 2026.
First Published: Aug 28, 2026 8:49 AM IST
