Motilal Oswal targeted Bajaj Auto stock as September sales grew

September sales reached 538,443 units, up 5.00 percent year over year. Motilal Oswal set a INR 12,096.00 target for Bajaj Auto stock.

Bajaj Auto (INE917I01010) had reported 538,443 units in September 2026, up 5.00 percent year over year, while Motilal Oswal had set a INR 12,096.00 target for Bajaj Auto stock in a July 21, 2026 report. NDTV Profit reported the September volume figure on October 6, 2026, while DSIJ published the broker view on July 21, 2026.

Exports offset domestic weakness

The September mix was uneven. Export sales increased 32.00 percent year over year to 243,987 units, while domestic sales declined 9.00 percent to 294,456 units, according to NDTV Profit. Total sales therefore grew 5.00 percent despite the domestic contraction, leaving export momentum as the clearest offset in the monthly data.

The September result also carried a comparison with expectations. NDTV Profit said total growth came in below the 11.00 percent to 12.00 percent expectation cited in its October 6, 2026 report, making the 32.00 percent export increase more important for the overall result.

Q2 results set for October 27

Bajaj Auto's board is scheduled to consider unaudited standalone and consolidated results for the second quarter and first half ended September 30, 2026, on October 27, 2026, according to NDTV Profit. The date gives the September sales data a defined financial checkpoint, with domestic demand and export growth likely to shape the quarter's operating picture.

Motilal Oswal's July 21, 2026 report described first-quarter fiscal 2027 revenue of INR 172.44 billion, converted from INR 17,243.70 crore, up 37.00 percent year over year. Adjusted EBITDA reached INR 35.90 billion, converted from INR 3,590 crore, and the adjusted EBITDA margin was 20.90 percent, 70 basis points above the broker's estimate, according to DSIJ.

NSE valuation stays below yearly high

Bajaj Auto was last at INR 9,686.00 on the NSE on October 8, 2026 at 3:15 p.m. IST. Its 52-week range was INR 8,605.00 to INR 12,470.00, placing the price 22.32 percent below the high, while market capitalization stood at INR 2.7 trillion on the same date.

Bajaj Auto stock facts

• Company: Bajaj Auto Limited
• ISIN: INE917I01010
• Ticker: BAJA
• Primary exchange: NSE
• Market capitalization: INR 2.7 trillion (as of October 8, 2026)
• 52-week range: INR 8,605.00-12,470.00 (as of October 8, 2026)
• Sector / Industry: Consumer Cyclicals / Automobiles and Auto Parts
• Index membership: Nifty 50
• Next earnings date: October 27, 2026

More news and analysis on Bajaj Auto stock.