Bajaj Auto: Record Q2 Revenue, Trendline Break

’s Q2 FY27 revenue crossed Rs 20,000 crore for the first time, at Rs 20,003 crore, up 34.1% year-on-year and about 4.6% above the poll estimate of Rs 19,125 crore. Net profit rose 35.2% to Rs 3,354 crore against an estimate of Rs 3,190 crore. EBITDA grew 36.7% to Rs 4,171 crore, with the margin at 20.9% against 20.5% a year ago. The company cited pricing, a richer sales mix and favourable currency realisations, and said EV sales are approaching 2 lakh units against 82,000 a year earlier. Free cash flow was nearly Rs 4,000 crore, with surplus funds above Rs 15,500 crore. The shares closed at Rs 10,377 on the BSE ahead of the announcement.(Source: cnbctv18) On the 4-hour chart, the stock has moved above a falling trendline drawn from the September high, after recovering from the 9,650 low, with a pickup in volume. It trades near 10,321 with RSI at 52.91. Fibonacci extension reference levels from the recent swing sit at 10,777 and 11,008. Support: 10,150-10,200 (the broken trendline), then 9,900. Resistance: 10,500, then 10,777-10,873. The market’s reaction to the results, and how price behaves around the broken trendline, will be worth observing. When strong results meet a trendline break, the reaction at the broken level helps show how much is already priced in. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.