Bajaj Auto Share price: Sharekhan Maintains Buy rating with price target of Rs 4589
Sharekhan interacted with the management of Bajaj Auto to discuss its plans for electric two-wheelers and its readiness to benefit from increasing e-2W penetration in the medium to long term. Bajaj Auto has launched its electric two-wheelers scooter with its iconic brand name “Chetak” in January 2020 in two cities, Pune and Bangalore. It plans to launch it in 30 cities over the next 18-24 months. Bajaj Auto Share price today Rs 3880, down Rs 19 or 0.5%.
Sharekhan expects Bajaj Auto to benefit from the expected recovery from urban markets, where Sharekhan believes Bajaj Auto will be a major beneficiary in the two-wheeler (2W) space: Reuters