Bajaj Auto stock: Axis Capital keeps Buy rating at INR 12,600.00

Published on 10/20/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 results are due October 27, 2026. Bajaj Auto stock costs INR 10,287.00 on October 19, 2026 at 3:29 p.m. IST, down 1.13 percent versus INR 10,405.00.

Analyst target and reporting date

Axis Capital maintained a Buy rating and an INR 12,600.00 target on October 15, 2026.
Bajaj Auto will consider second-quarter and half-year results on October 27, 2026.
Bajaj Auto stock costs INR 10,287.00 on October 19, 2026, down 1.13 percent from INR 10,405.00.

Bajaj Auto, INE917I01010, Illustration mit AI erstellt.

Axis Capital maintained a Buy rating for Bajaj Auto and listed an INR 12,600.00 target on October 15, 2026, versus its previous INR 12,500.00 target, according to Investing.com. Bajaj Auto will consider its second-quarter and half-year results on October 27, 2026. The stock was last quoted at INR 10,287.00 on the NSE on October 19, 2026 at 3:29 p.m. IST, down 1.13 percent from the INR 10,405.00 prior close.

Results date sets the next test

The October 27 meeting covers unaudited standalone and consolidated results for the second quarter and half-year ended September 30, 2026, Sahi Markets reported on October 6, 2026. That date gives investors a defined checkpoint after the company reported first-quarter standalone revenue of INR 172.4 billion, up 37.00 percent from INR 125.8 billion in the same period a year earlier.

Exports offset domestic pressure

September sales illustrate the split that the results will need to clarify. Bajaj Auto sold 538,443 vehicles, up 5.00 percent from 510,504 a year earlier, while exports rose 32.00 percent to 243,987 units and domestic sales fell 9.00 percent to 294,456 units, according to Sahi Markets. The combination makes export mix and domestic demand central metrics for the September quarter.

Valuation and price position

Bajaj Auto's NSE price stood 17.50 percent below its 52-week high of INR 12,470.00 and 19.55 percent above its 52-week low of INR 8,605.00 on October 19, 2026. Its market capitalization was INR 2.8 trillion, with a price-to-earnings ratio of 24.46 and volume of 110,830 shares. The current consensus target on Investing.com was INR 11,680.88, based on 41 analyst ratings.

Comparison with peers

Bajaj Auto (NSE, INR): down 1.13 percent on October 19, 2026, price-to-earnings ratio 24.46, market capitalization INR 2.8 trillion.

Hero MotoCorp (NSE, INR): up 0.10 percent on October 19, 2026, price-to-earnings ratio 19.22, market capitalization INR 1.0 trillion.

Mahindra and Mahindra (NSE, INR): down 0.48 percent on October 19, 2026, price-to-earnings ratio 17.67, market capitalization INR 3.5 trillion.

What comes on October 27?

The next dated event is the results release on October 27, 2026. For investors, the key comparison will be whether export growth can offset domestic weakness while the company protects the 20.90 percent first-quarter operating margin reported by Motilal Oswal in a July 21, 2026 research summary from DSIJ.

Stock level before results

Bajaj Auto enters the results window with a 1.13 percent one-day decline, a 24.46 price-to-earnings ratio and a 12,600.00 target from Axis Capital. The October 27 report will add the next operating figures to that valuation picture.