Prabhudas Lilladher keeps Accumulate on Bajaj Auto and Cipla after Q2 results
Prabhudas Lilladher retains Accumulate on Bajaj Auto with a Rs 11,700 target and on Cipla with Rs 1,450 after Q2FY27 numbers, per TradingView.
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what happened
According to TradingView, Prabhudas Lilladher found Bajaj Auto's Q2FY27 standalone results strong, with most line items beating expectations and margins holding firm. The broker expects new launches and a push into the 125cc-plus segment to support the story, even as the company accepts lower share in cheaper entry-level bikes. It raised its target to Rs 11,700 from Rs 10,800, based on 23x September 2028 standalone EPS.
For Cipla, the same broker said Q2FY27 EBITDA of Rs 13.8 billion, at an 18.7% operating margin, came in 6% below its estimates. Management reaffirmed FY27 margin guidance of 18.5-20% and a US sales run-rate exiting at USD 1 billion. The rating stays at Accumulate with a Rs 1,450 target, calculated at 23x September 2028 EPS.
why it matters
Broker notes on single companies usually move those stocks rather than broad indices. For Bajaj Auto, the main drivers cited are cost control, pricing and rupee weakness; for Cipla, the timing of US product launches and a net cash position of about $1 billion that could fund acquisitions.
tags
instruments
sources
- Accumulate Bajaj Auto; target of Rs 11,700: Prabhudas Lilladher — TradingView, 28 October 2026 at 07:42 UTC
- Accumulate Cipla; target of Rs 1450: Prabhudas Lilladher — TradingView, 28 October 2026 at 07:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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