Stocks to watch on Wednesday, September 10, Bajaj Auto: To fully pass on GST cut benefits; price reduction up to ₹20,000 on bikes and ₹24,000 on three-wheelers from September 22.
Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.
Royal Enfield maker posts record August sales of 114,002 units, up 55% Y-o-Y
Two-wheeler sales in August 2025 rose for Royal Enfield, TVS, Hero and Suzuki, while Bajaj and Honda reported declines, with festive demand and GST reforms set to boost outlook
Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.
In the past one month, the Nifty Auto index has outperformed the market by soaring 9.5 per cent, as against 0.18 per cent gain in Nifty 50.
Royal Enfield reported a monthly sales figure of 114,002 motorcycles in August 2025, marking a 55 per cent increase over the same month last year
Eicher Motors share price; the parent company of Royal Enfield, a global manufacturer of middleweight motorcycles, hit a new high of ₹6,109 in intra-day trade on Tuesday.
During his Independence Day address on August 15, 2025, Prime Minister Narendra Modi announced a potential rationalisation (reduction) of GST rates before Diwali 2025
The aggregate earnings of the 184 companies in MOFSL's coverage rose 7 per cent year-on-year (Y-o-Y) in Q1FY26, matching the brokerage's estimates.
Shares of 2-wheeler companies rallied up to 4% on Friday after TVS Motor and Eicher Motors reported healthy earnings for Q1FY26.
Eicher Motors shares rose 4 per cent after it reported a 9 per cent rise in profit during the June quarter of the current financial year
The company added that they are looking for alternatives to deal with the shortage, a move that other two-wheeler makers such as TVS Motor and Ola Electric are also exploring
Company posts best-ever Q1 revenue at Rs 5,042 crore; VE Commercial Vehicles logs 32.6% rise in EBITDA and expands market share in trucks, buses
Foreign investors net sold ₹14,452 crore, and ₹25,831 crore in stock & index futures, respectively in July; however, F&O rollovers hint at likely optimism going ahead.
In the financial year 2025-26, the Indian two-wheeler industry is poised to build upon the U-shaped recovery trajectory observed over the preceding three fiscal years
Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &