Bajaj Auto Shares Soar to 52-Week High on Strong Exports & Emkay Upgrade

• Bajaj Auto shares surged 3% to a 52-week high of ₹9,783.50 on Tuesday, January 6, driven by December sales and an analyst upgrade.
• December total sales rose 14% YoY to 3.70 lakh units, with exports jumping 25% to 2 lakh units, offsetting a 4% rise in domestic sales.
• Emkay Global upgraded Bajaj Auto to 'Buy' and raised its price target to ₹11,100, citing attractive risk-reward and strong export trends.
• The brokerage expects a 14% EPS CAGR (FY26-FY28), driven by the refreshed Pulsar launch and electric three-wheeler market leadership.
• Bajaj Auto's domestic two-wheeler market share shows signs of recovery, with strong export momentum from Latin America and Asia.

Why It Matters: Bajaj Auto's strong export performance and strategic initiatives are driving stock growth and analyst confidence.