Motilal Oswal sets INR 12,162.00 target for Bajaj Auto stock

Published on 10/14/2026 at 15:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Exports rose 41 percent in Motilal Oswal's October 14, 2026 note. Bajaj Auto stock enters Q2 results on October 27 after revenue rose 65 percent.

Export growth and Q2 timing

Motilal Oswal assigned an INR 12,162.00 target to Bajaj Auto on October 14, 2026.
Q1 FY27 revenue reached INR 21,688.83 crore, up 65.00 percent year over year.
Bajaj Auto's board is scheduled to review Q2 and half-year results on October 27, 2026.

Bajaj Auto, INE917I01010, Illustration mit AI erstellt.

Bajaj Auto (ISIN INE917I01010) received an INR 12,162.00 price target from Motilal Oswal Financial Services on October 14, 2026, while its export volumes grew 41.00 percent in the brokerage's second-quarter preview. The call places export momentum against higher input costs and a softer domestic market.

Three dated operating milestones

Screener lists September 2026 sales of 538,443 units on October 1, 2026, an increase of 5.00 percent from the prior year. The same announcement record shows exports up 32.00 percent to 243,987 units, while domestic sales fell 9.00 percent to 294,456 units.

On October 6, 2026, Bajaj Auto scheduled its board meeting for October 27, 2026, to consider unaudited second-quarter and half-year results. Sahi reported that consolidated Q1 FY27 revenue reached INR 21,688.83 crore, up 65.00 percent year over year, while net profit rose 45.90 percent to INR 3,225.63 crore.

On October 14, 2026, The Economic Times reported that Motilal Oswal rates Bajaj Auto Buy and set the target at INR 12,162.00. The brokerage also said exports represented 50.00 percent of sales, compared with 43.00 percent a year earlier.

What will Q2 reveal?

Multibagg reported Axis Securities estimates of INR 18,762.00 crore for Q2 FY27 revenue and INR 3,076.00 crore for profit after tax. The projected 20.50 percent EBITDA margin is 0.40 percentage points below the 20.80 percent Q1 FY27 margin, making cost control a central test for the October results.

India listing and valuation

Bajaj Auto is listed on the NSE under ticker BAJAJ-AUTO, according to PocketX. Its NSE quote was INR 10,250.00 at 3:29 p.m. IST on October 14, 2026, with a market capitalization of INR 2.9 trillion and a 52-week range of INR 8,605.00 to INR 12,470.00.

Next reporting date

The next confirmed reporting milestone is October 27, 2026, when the board is scheduled to consider second-quarter and half-year results. The export contribution gives Bajaj Auto a measurable cushion against domestic weakness, but the projected 20.50 percent margin shows why the Q2 figures will be judged on profitability as well as volume.

Market context: Market report BSE Sensex.

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