QUICK TAKE: ANALYSTS SEE HEALTHY UPSIDE IN BAJAJ AUTO

Bajaj Auto stock has been range-bound for two months, and was down 1.3% on Monday. Axis Securities, however, sees good gains given its target price of ~4,250. It says, Bajaj is well-placed to capitalise on demand normalisation and premiumisation trends. Market share gains in exports, reasonable valuations and strong medium-term growth prospects are other positives