BAJAJ-AUTO

Bajaj Auto delivered 12% YoY revenue growth in Q1 FY26, with strong exports recovery and robust demand for premium bikes. The electric scooter Chetak continues to gain traction in urban markets. Margins improved to 19%, supported by cost efficiencies. At ~24x FY26 EPS, valuations are attractive versus peers. Bajaj Auto offers a balanced play on premiumization and EV adoption in two-wheelers. A solid long-term stock for auto investors.