Up 2x in 1 year: Motilal Oswal bullish on this auto stock, check target price for 2-3 days

The domestic equity benchmarks opened in green on Thursday, June 6 following positive global cues.

At 12.34 PM, Sensex was up 551.8 points, or 0.74 per cent, at 74,925.37 while Nifty was up 165.4 points, or 0.73 per cent, at 22,791.50.

On the other hand, the Reserve Bank of India (RBI) would likely commence its first rate drop in the third quarter of fiscal year 2024-25, according to SBi research.

Meanwhile, brokerage Motilal Oswal suggests buying this auto stock for 2-3 days.

Auto stock to buy

Brokerage Motilal Oswal has made auto sector giant Bajaj Auto a short-term pick. Brokerage has advised to buy Bajaj Auto for 2-3 days.

Bajaj Auto- Share price target

Brokerage Motilal Oswal has kept the target for Bajaj Auto stock at Rs 10,200. On June 5, 2024, the share price was Rs 9600.4. In this way, the stock may rise over 6 per cent from the current price.
 
Bajaj Auto trading started with a decline on Thursday (June 6). The stock has given good returns to investors in the last one year. The stock has been up more than 100 per cent in a year. In the last 6 months, the stock gave more than 55 per cent returns. The increase in 3 months has been more than 12 per cent. At the same time, the stock has jumped 42 per cent so far this year. The 52-week high of the stock on BSE is 9,675.05 and the low is 4,544.  The market cap of the company is more than Rs 2.65 lakh crore.

Shares of Bajaj Auto were trading at Rs 9,671.2 each, up 0.74 per cent on BSE today at 12.41 PM IST.

The views/suggestions/advices expressed here in this article are solely by brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.

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