In its latest report on the Indian automobile sector, global brokerage firm Jefferies has shared fresh insights and revised target prices for key players in the two-wheeler segment. The ratings reflect a mix of optimism and caution across various companies.
Bajaj Auto – Rating: Hold | Target Price: Rs 7,500
Jefferies has assigned a “Hold” rating to Bajaj Auto, signaling a neutral stance. The brokerage appears to suggest that most of the positives may already be priced in, and significant upside may be limited in the near term; Jefferies Previous Target was ₹10,550
Eicher Motors – Rating: Buy | Target Price: Rs 6,600
Jefferies remains bullish on Eicher Motors, best known for its Royal Enfield brand, with a “Buy” rating.
Hero MotoCorp – Rating: Underperform | Target Price: Rs 3,200
Hero MotoCorp has been rated “Underperform,” indicating concerns over its future performance relative to its peers; Jefferies previous Target was ₹5,075
TVS Motor – Rating: Buy | Target Price: Rs 3,225
TVS Motor, another major player in the two-wheeler space, has received a “Buy” rating
Jefferies’ mixed stance on these four auto giants reflects the dynamic nature of India’s auto sector. While companies like Eicher and TVS Motor are expected to outperform based on strong product pipelines and brand appeal, others like Hero Moto may face challenges amid rising competition and shifting consumer preferences.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice.
