FIIs driving on top speed see this auto stock gaining most in 5 years

Despite facing significant challenges in exporting its products, shares of Indian two-wheeler company Bajaj Auto have risen dramatically this year, seeing a return of over 23%. The rise in share price has been driven by foreign institutional investors’ sustained buying and expectations of a recovery in both rural and international markets. The company’s diversified geography mix and electric vehicle portfolio plans have been cited as additional potential catalysts for earnings. Despite the rise, analysts claim the stock’s valuations remain reasonable.

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