MOFSL said Bajaj Auto’s recovery in exports, improving EV economics and potential synergy benefits from the KTM acquisition are key positives. However, these are offset by continued weakness in domestic motorcycles.
In this detailed breakdown, the Gaurang Shah of Geojit Investments shares his top stock picks across major sectors using the GeoGeek framework. In banking, he highlights SBI and Indian Bank in the PSU space, along with Axis Bank and ICICI Bank in private banking. For NBFCs, Bajaj Finance and L&T Finance stand out. The defence segment features outperformers like MTAR Technologies, Cochin Shipyard, Mazagon Dock, and BEL. Autos see strong contenders in M&M, Bajaj Auto, TVS Motors, and Ashok Leyland. In capital goods, L&T and Siemens take the lead, while capital-market tech includes CAMS (Computer Age Management Services). A comprehensive sector-wise guide for investors looking for high-quality opportunities.
Despite robust macros-8%+ GDP, RBI rate cuts, and ₹29,000 cr monthly equity inflows - Dalal Street remains weak and range-bound, with mid/small-caps facing severe pain. Value investor Devan Choksi attributes the correction to past over-valuation: many stocks traded at 70-90x P/E despite 15-20% sustainable growth, leaving no margin of safety. He warns of prolonged time/price correction, especially beyond Nifty 500, but sees large-caps (Reliance, Bharti, L&T, M&M, SBI) as reliable compounders with consistent 15-20% CAGR ahead. Advice: SIP into quality mid/small-cap funds; restructure individual portfolios via professional advisors; focus on businesses with durable growth in housing finance, engineering R&D, auto ancillaries, and ultra-luxury real estate. New buys include Lotus Developers, Tata Technologies, Bajaj Finance trio, and Reliance.
Nirmal Bang likes M&M (target price: Rs 4,142) and Maruti Suzuki (target: Rs 18,716) in the four-wheeler segment and Eicher Motors (target: Rs 7,975) and Hero MotoCorp (target: Rs 6,482) in the two-wheeler space.
Ola’s fall comes even as the company started shipping electric motorcycles, something that other players are currently lacking their respective portfolios.
After starting a pilot rollout of the Bajaj Riki in four cities, Bajaj Auto is looking to expand its presence in 200 cities by the end of the ongoing financial year.
Trent, ITC, Tata Consultancy Services Ltd (TCS), Eternal Ltd and Tata Steel require up to 94 per cent upsides over the prevailing prices to reclaim record levels.
Choice has adopted a more cautious stance on others. The brokerage has an 'Add' rating on Hero MotoCorp with a target price of Rs 5,710, citing strong market share gains.
Zomato now ranks higher than long-standing household brands such as Maggi, Bajaj Auto, Surf Excel and Paytm. Kantar attributes this rise to Zomato’s evolution from a basic restaurant discovery service to a broader lifestyle-centric platform.
Stocks including Lenskart, Bajaj Auto, Hindustan Aeronautics, Trent, Nykaa, National Aluminium, Swiggy, Lupin, Anant Raj, Medanta and more will be in the spotlight on Monday, November 10.
Despite sluggish sales of its CNG-powered Freedom 125, Bajaj Auto isn’t backing down. The automaker remains confident in the future of gas-based and electric motorcycles as it pushes toward innovation and scale.





