Bajaj Auto shares hit a 52-week high for second consecutive session; can it rise further in the near term?

Bajaj Auto shares hit a 52-week high for the second consecutive session, climbing 3 percent to around Rs 11,333, buoyed by a strong Q1FY27 performance. Standalone net profit rose 42.3 percent YoY to Rs 2,982.84 crore, while revenue from operations grew 37 percent YoY to Rs 17,243.72 crore, driven by record quarterly volumes. Total sales increased 29 percent to 14,38,251 units, with domestic sales up 11 percent and exports surging 54 percent, leading brokerages like Motilal Oswal, Emkay, and ICICI Securities to maintain or upgrade buy calls with target prices between Rs 12,096 and Rs 13,700.