Bajaj Auto Soars 3% to 52-Week High as Emkay Upgrades to 'Buy'

• Bajaj Auto shares climbed 3% to a fresh 52-week high after Emkay Global upgraded its stock rating to 'buy'.
• Emkay Research raised Bajaj Auto's price target to Rs 11,100, implying a 17% upside from current levels.
• The positive outlook is driven by strong export momentum to Latin America and Asia, and the upcoming refreshed Pulsar range in CY26.
• Bajaj Auto has surpassed Mahindra & Mahindra in the electric three-wheeler segment, holding a 32% market share as of December 2025.
• Emkay sees Bajaj Auto offering the best risk-reward, expecting volume, revenue, and earnings growth due to export trends and new products.

Why It Matters: Emkay's 'buy' upgrade and strong fundamentals propel Bajaj Auto to a 52-week high.