Bajaj Auto shares rally 4%, hit 52-week high on robust Q3 results

Bajaj Auto shares reached a 52-week high of Rs 7,499 despite scepticism from Kotak Institutional Equities and Nuvama. Kotak maintained a ‘Sell’ rating, citing a high valuation, while Nuvama reiterated a ‘Hold’ stance. JM Financial remained positive, citing a favorable product mix and strong domestic demand. Bajaj Auto reported a 37% YoY growth in net profit for Q3, beating estimates.

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