Shares of Bajaj Auto were among the top gainers on the Nifty 50 on Wednesday morning, rising 2.58 per cent to ₹10,305 on the NSE by 10.44 am, as investors reacted to strong April sales data ahead of the company’s quarterly results expected later in the day.
The stock opened at ₹10,180, against a previous close of ₹10,046, and touched an intraday high of ₹10,315 — just below its 52-week high of ₹10,477.50, which was hit only two days ago on May 4. Traded volume stood at 1.61 lakh shares, with a traded value of approximately ₹164 crore. Buy orders marginally outweighed sell orders, with a 50.20 per cent to 49.80 per cent split.
Bajaj Auto, on monday, reported total sales of 5,13,792 units in April 2026, a 40 per cent jump over 3,65,810 units in April 2025. Export numbers were the standout, rising 83 per cent year-on-year to 2,65,582 units. Domestic sales grew 13 per cent to 2,48,210 units. Within segments, commercial vehicle exports surged 125 per cent while two-wheeler exports rose 78 per cent.
With Q4 results due today, markets appear to be pricing in a strong quarter. The stock’s broader performance reinforces that sentiment — it has returned nearly 30 per cent over the past year, sharply outpacing the Nifty 50’s near-flat performance over the same period. Over three years, the stock is up over 130 per cent against the index’s 33 per cent.
Bajaj Auto carries a market capitalisation of approximately ₹2.88 lakh crore and trades at a P/E of 28.49. The results announcement later today will be closely watched for margin trends and forward guidance.