Bajaj Auto share price: Maintain Positive stance on Bajaj Auto with a Buy rating and revised price target of Rs 4589
Sharekhan expects Bajaj Auto to benefit from the expected recovery from urban markets, where Sharekhan believes Bajaj Auto will be a major beneficiary in the two-wheeler (2W) space, given its dominant position in the premium bike segment. Demand for three-wheelers (3Ws) is also expected to improve going forward, as COVID-19 vaccination rolls throughout the country.
Bajaj Auto will also benefit from new launches in the premium segment, which it has lined up in the premium segment over the next 12-18 months: Reuters