Bajaj Auto Gains 2.56%: 5 Key Factors Driving the Week’s Momentum

Monday, 9 February 2026: Steady Start Amid Broad Market Gains

Bajaj Auto commenced the week at Rs.9,587.35, marking a 0.72% gain from the previous Friday’s close of Rs.9,518.60. The stock’s rise was in line with the Sensex’s robust 1.04% advance to 37,113.23. Trading volume was moderate at 4,146 shares, reflecting steady investor interest. The positive start set the tone for the week, supported by the broader market’s bullish momentum.

Tuesday, 10 February 2026: Bullish Option Activity and Mojo Downgrade

On 10 February, Bajaj Auto surged 1.92% to close at Rs.9,771.10, outperforming the Sensex’s modest 0.25% gain. This price strength coincided with a significant surge in call option activity, with 16,492 contracts traded at the ₹9,800 strike price expiring on 24 February. The turnover of ₹2,053.5 lakhs and open interest of 2,589 contracts indicated strong bullish positioning among traders anticipating further upside.

However, this optimism was tempered by MarketsMOJO’s downgrade of Bajaj Auto’s mojo grade from Buy to Hold on 9 February, citing mixed technical signals and valuation concerns. Despite robust fundamentals such as a 23.08% ROE and 17.33% sales CAGR, flat recent quarterly results and rising interest expenses prompted a more cautious stance. The downgrade reflected a nuanced view balancing the stock’s premium valuation and technical momentum.

Wednesday, 11 February 2026: New 52-Week High at Rs.9,905.65

Bajaj Auto continued its upward trajectory on 11 February, hitting a fresh 52-week high of Rs.9,905.65. The stock closed at Rs.9,867.70, up 0.99% on the day, marking a three-day consecutive gain totalling 3.55%. Although the stock slightly underperformed its sector’s 2.44% gain, it remained well supported above all key moving averages, signalling robust technical strength.

This milestone underscored sustained investor confidence despite the recent mojo downgrade. Bajaj Auto’s one-year return of 12.58% outpaced the Sensex’s 10.41%, reflecting its resilience and leadership within the automobile sector. The stock’s 52-week low of Rs.7,088.25 highlights a substantial appreciation of nearly 40% over the past year.

Thursday, 12 February 2026: Another 52-Week High Amid Mixed Market

On 12 February, Bajaj Auto marginally extended its gains, touching a new 52-week high of Rs.9,911.5 before closing at Rs.9,837.30, down 0.31% on the day. This marked the fourth consecutive session of gains, delivering a cumulative return of 3.92% over this period. The stock traded within a narrow range of Rs.80.9, indicating controlled volatility.

The broader market was subdued, with the Sensex declining 0.56% to 37,049.40. Despite this, Bajaj Auto’s ability to sustain gains amid a cautious environment highlighted underlying strength. The stock’s one-year return of 13.73% continued to outperform the Sensex’s 10.18%, reinforcing its relative appeal.

Friday, 13 February 2026: Profit Booking and Weekly Close

The week concluded with a modest pullback as Bajaj Auto closed at Rs.9,761.90, down 0.77% on the day. The Sensex fell 1.40% to 36,532.48, marking a weaker market tone. Trading volume dropped to 3,551 shares, suggesting some profit booking after the week’s strong gains and new highs.

Despite the decline, Bajaj Auto ended the week with a 2.56% gain, comfortably outperforming the Sensex’s 0.54% loss. The stock’s technical momentum remains cautiously positive, supported by its position above key moving averages and sustained call option interest. However, the recent downgrade to Hold and mixed technical signals advise measured optimism.

Key Takeaways

1. Outperformance Amid Mixed Market: Bajaj Auto’s 2.56% weekly gain contrasted with the Sensex’s 0.54% decline, highlighting relative strength despite broader market weakness late in the week.

2. Strong Technical Momentum: The stock’s position above all major moving averages and consecutive 52-week highs on 11 and 12 February signal robust technical support and sustained buying interest.

3. Bullish Options Activity: Heavy call option volumes at the ₹9,800 strike price ahead of the 24 February expiry indicate market participants’ optimism for further near-term gains.

4. Cautious Analyst Outlook: The downgrade to a Hold rating reflects concerns over flat recent financial results, rising interest expenses, and premium valuation metrics, tempering enthusiasm despite price strength.

5. Volume and Momentum Nuances: Declining delivery volumes and mixed technical indicators such as monthly MACD and RSI suggest a phase of consolidation, warranting measured optimism.

Conclusion

Bajaj Auto Ltd. demonstrated commendable resilience during the week ending 13 February 2026, registering a 2.56% gain and setting new 52-week highs amid a mixed market backdrop. The surge in call option activity and strong technical positioning underpin a cautiously bullish near-term outlook. However, the recent mojo downgrade to Hold and signs of moderation in volume and momentum indicators counsel prudence. Investors should monitor upcoming earnings and market developments closely to assess whether the current momentum can be sustained or if consolidation will prevail. Overall, Bajaj Auto remains a significant player within the automobile sector, balancing robust fundamentals with evolving market dynamics.

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