Bajaj Auto shares have underperformed this year
By Ankur Chandra | Updated at: Nov 4, 2025 04:40 PM IST
Bajaj Auto shares are down today. At 3 a.m. IST, 4th November, 2025, its share price is down by 2.12%, trading at Rs 8,733.50. Nifty 50 index is down by 0.60% at this time.
Bajaj Auto to declare its September quarter result on 7th November
The company will declare its September quarter result on 7th November, 2025. The shares are probably seeing profit booking before announcement of its September quarter result. In the past 6 months Bajaj Auto shares have gained more than 10%. Much of these gains came after the lower GST tax rates were announced.
Under the lower GST rate structure, GST on two wheelers with engine capacity up to 350 cc has been reduced to 18% from 28%. The new GST rates came into force on September 22nd.
Bajaj-Auto’s sales in October at more than 5 lakh units
Bajaj-Auto’s two wheeler products such as Bajaj Pulsar have benefitted from this rate cut. Bajaj Auto’s total sales therefore jumped in October by 8% year-on-year (y-o-y). The company sold 5.18 lakh units in October. Domestic sales increased y-o-y by 3%. Exports grew by 16%. The company was able to beat the headwinds in the export market in the month. Demand is low in many countries because of the ongoing economic slowdown. This slowdown has been majorly caused by higher tariffs that US has imposed on imports.
The economic slowdown may even benefit two wheeler makers
One way the economic slowdown may benefit Bajaj- Auto is that many more people may opt for two wheelers instead of four wheelers as wage growth remains depressed and unemployment rate remains at higher levels.
Bajaj Auto shares have underperformed this year
Bajaj – Auto shares have gained just 0.30% year-to-date (YTD) in 2025. Nifty 50 index has gained 8.09% in this period. Bajaj-Auto shares have underperformed the Nifty 50 index by around 8% this year. Nifty Auto Index has gained 17.41% YTD this year. Bajaj-Auto shares have underperformed the Nifty Auto index by around 17% this year.
Bajaj Auto’s shares are currently trading at 12-months trailing price-to-earnings (P/E) ratio of 32.16. Average P/E at which Nifty Auto index is currently trading is 27.71.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.
Source: NSE
