CLSA maintains an underperform rating on Bajaj Auto with a target price of Rs 7,000. The recent launch of entry-level motorcycles by Bajaj and Triumph, particularly the Speed T4, is seen as promising. However, caution is warranted due to rising competition in the premium segment, moderated growth in the over-250cc category, and ongoing pressure in key export markets.
Short-term rebound could trap investors; better to wait for clarity: Dipan Mehta
Dipan Mehta advises Indian investors to adopt a sell-on-rise strategy amidst global financial uncertainty, drawing parallels to the 2008 crisis. He suggests caution due to
April 8, 2025