Analyst call tracker: Bajaj Auto faces several headwinds despite Triumph launch

Despite Bajaj Auto’s push in the mid-sized segment with the newly launched Triumph, several analysts believe there are still concerns that need to be addressed before they can turn bullish on the Pune-based automobile giant.

According to data compiled by Bloomberg, Bajaj has 24 ‘buy’ calls, 17 ‘hold’ calls and 6 ‘sell’ calls. This subdued sentiment is also reflected in Bajaj’s stock movement. In the last month, the stock has given a return of a marginal 0.3 percent. Meanwhile, competitors…