Bajaj Auto Q2 earnings: Revenue from operations climbed 34.1% to Rs 20,003 crore compared to Rs 14,922 crore in the corresponding quarter of the previous financial year.
Indian markets remain under pressure with broad-based selling keeping sentiment weak despite the possibility of a short-covering rally. In this Business Today Television market discussion, Aditya Agarwal, Head of investment, Coheron Wealth shares his outlook on Dalal Street, warning that Nifty faces strong resistance at 22,850 - 23,000. He sees potential upside in IT stocks, with the Nifty IT index targeting 35,000 - 35,500 and identifies TCS, HCLTech and Tech Mahindra as preferred picks. Hero MotoCorp, Bajaj Auto, TVS Motor, Union Bank and SBI also feature among his stock recommendations. Agarwal discusses pharma opportunities in Dr. Reddy’s and Lupin, the rupee’s trading range, and why gold and silver may face further downside before a sustained recovery.
Two-wheeler stocks and PSU banks are emerging as potential opportunities amid recent market movements. After a correction, stocks such as Hero MotoCorp, Bajaj Auto and TVS Motor are showing signs of renewed strength. Aditya Agarwal, Head of Investment at Coheron Wealth, identifies Hero MotoCorp as his top pick from the two-wheeler segment with a potential target of ₹5,600 - ₹5,700. In the PSU banking space, Union Bank has broken out after consolidation and could move towards ₹195-₹200, while State Bank of India remains another large-cap banking stock to watch.
Bajaj Auto Q2 earnings: The firm said it would announce earnings for second quarter and half year ended 30 September 2026, on 27 October 2026.
"Within the large-cap space, a no-brainer would be the largest NBFC company, Bajaj Finance, because consumer spending is increasing and the stock is available at a compelling valuation. They are recently raising money also," the market veteran told Business Today Television (BTTV).
Auto stocks declined after the RBI raised the repo rate by 25 basis points. TVS Motor, Bajaj Auto, Hero MotoCorp and other auto shares came under pressure.
Auto stocks are under pressure as the Nifty Auto index emerges as one of the session’s biggest laggards following mixed September sales numbers. M&M reported a 15% rise in total sales, while tractor sales declined 21%. Escorts Kubota also saw sales fall, while Bajaj Auto reported strong exports but weaker domestic sales. Gaurav Bissa, Senior Vice President, Equity Advisor, InCred Capital, says the Nifty Auto index has seen a fresh technical breakdown and cautions that further pressure may remain. He also highlights key levels for Escorts Kubota, M&M and Bajaj Auto, with Bajaj Auto facing additional pressure below ₹10,000.
Mahindra & Mahindra and Bajaj Auto reported strong September sales, signalling improving momentum across India’s auto sector. M&M posted a 15% rise in sales, with SUV volumes reaching 62,092 units, while Bajaj Auto recorded 5% year-on-year growth and a 32% jump in exports. Gaurang Shah, Sr. VP, Geojit Investments, remains positive on the auto sector, highlighting steady domestic demand, rising exports and the potential impact of FTAs and BTAs. He also points to global automakers returning to India and restarting operations. The discussion explores whether stronger sales can sustain optimism across four-wheelers and two-wheelers.
The decline came after the company reported a 12 per cent year-on-year (YoY) drop in domestic two-wheeler sales in September.
Ahead of auto sales data, Nomura said it prefers Mahindra & Mahindra Ltd (M&M), Hyundai Motor India Ltd, Ather Energy Ltd and TVS Motor Ltd within its coverage universe.
Technical analysis signals bullish momentum in Hero MotoCorp and Delhivery, with key upside targets after recent pullbacks.
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