The company said it received the information on March 31, 2026. The reaffirmed rating applies to long-term bank facilities amounting to ₹10,000 crore and carries a ‘Stable’ outlook.
Shares of Bajaj Auto closed at ₹8,761.50 on March 30, down ₹139.50 or 1.57% for the day. The stock has declined ₹796.50, or 8.33%, on a year-to-date basis.
Recently, brokerage firm UBS raised concerns about the company’s exposure to the three-wheeler segment, particularly in Maharashtra. The state government’s temporary halt on new auto-rickshaw permits has raised concerns over growth in a segment that contributes significantly to volumes and profitability.
Brokerage firm CLSA, in a recent note, cut its price target on Bajaj Auto Limited by 6% to ₹10,707, citing concerns around potential supply chain disruptions and elevated commodity prices linked to the ongoing West Asia tensions. The brokerage also warned that continued disruptions over the next two to three months could lead to significant earnings downgrades across the auto sector, although it maintained that the stock remains among its preferred picks in the space.
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