India's Bajaj Auto on track to log in weekly gains after FADA's monthly sales data
BUZZ-India's Bajaj Auto on track to log in weekly gains after FADA's monthly sales data ** Shares of automaker Bajaj Auto BAJA.NS rise about 4.1% this week--biggest percentage gain since week ended May 8, 2026
** On July 6, India's autodealers body said two-wheeler category saw a 4.73% rise in retail volumes in June Y/Y
** June saw resilient two-wheeler demand amid mixed market signals -- FADA
** Co likely to report strong EBITDA growth Y/Y, driven by favourable currency movements, export recovery and richer three-wheeler mix -- UBS analysts say in a July 8 note
** 21 out of 37 analysts rate the stock "buy" or higher, 9 rate the stock "hold", and 7 analysts rate the stock "sell" or lower; median PT of 11,015 rupees apiece
** YTD, stock up 8.58% vs a 7.54% fall in Nifty 50 Index .NSEI
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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