Bajaj Auto Ltd stock (INE917I01010): Derivatives open interest jumps while shares trade near record zone

Bajaj Auto Ltd shares remained in focus on the National Stock Exchange of India on 06/02/2026 as derivatives data pointed to a notable build-up in positions while the underlying stock eased modestly from record levels. According to NSE data referenced by domestic media on 06/02/2026, open interest in Bajaj Auto futures rose by around the mid-teens percentage range compared with the previous session, signaling heightened activity in the Indian two- and three-wheeler major's derivatives segment even as the spot price saw mixed action.

On the NSE, Bajaj Auto traded around INR 9,600 per share during the session on 06/02/2026, a touch below its all-time high zone near INR 10,000 reached in April 2024, according to NSE price data as of 04/18/2024. The stock, part of the Indian equity benchmark Nifty 50, has re-rated over the past year on the back of resilient domestic demand and robust export trends in key markets such as Africa and Latin America, as reflected in the company's FY 2024 results released on 04/18/2024.

The stock traded at INR 9,596.65 on 04/18/2024 on the NSE after Bajaj Auto reported its FY 2024 results, according to BSE filing as of 04/18/2024. In Germany, Bajaj Auto is also available to local investors via secondary trading venues such as Tradegate, where the shares are quoted in EUR, allowing eurozone investors to gain exposure to the Indian auto group through locally accessible platforms.

Beyond the derivatives activity, Bajaj Auto's recent corporate developments include a 1:1 bonus issue of equity shares and a strong FY 2024 dividend proposal. The company announced on 01/29/2024 a proposal for a 1:1 bonus share issue, which was subsequently approved and implemented, effectively doubling the number of shares held by existing investors without changing the overall market capitalization, as detailed in a Bombay Stock Exchange filing dated 01/29/2024. For FY 2024, Bajaj Auto's board also recommended a dividend of INR 80 per equity share of face value INR 10, reflecting sustained cash generation, according to the FY 2024 results communication on 04/18/2024.

As of: 02/06/2026

By the editorial team - specialized in equity coverage.

Bajaj Auto Ltd: core business model

Bajaj Auto generates most of its revenue by designing, manufacturing, and selling motorcycles and three-wheelers in India and overseas, with export-focused models and premium bikes forming important pillars of its earnings mix.

Latest quarterly results for Bajaj Auto Ltd at a glance

The most recent full set of financials for Bajaj Auto relate to the quarter and fiscal year ended 03/31/2024, which the company reported on 04/18/2024. For Q4 FY 2024, standalone revenue from operations came in at INR 10,084 crore, compared with INR 8,905 crore in Q4 FY 2023, underscoring double-digit year-on-year growth as disclosed in the company's BSE results filing dated 04/18/2024. Net profit for Q4 FY 2024 rose to INR 1,936 crore versus INR 1,433 crore in the year-ago quarter, supported by a richer product mix and firm margins, according to the same filing on 04/18/2024.

On a full-year basis, Bajaj Auto reported FY 2024 standalone revenue from operations of INR 40,074 crore, up from INR 35,211 crore in FY 2023, while net profit for FY 2024 reached INR 7,270 crore compared with INR 6,062 crore in the prior year, as per the FY 2024 results communication filed on 04/18/2024. The company highlighted strong performance in premium motorcycles and three-wheelers, as well as healthy export volumes in regions such as Africa, even though some overseas markets continued to face macroeconomic and currency-related challenges in FY 2024. According to the same FY 2024 release, Bajaj Auto's board recommended a total dividend of INR 80 per equity share for FY 2024, reflecting its cash-generative operations and balance sheet strength as of 03/31/2024.

Conclusion

The combination of rising derivatives open interest on 06/02/2026 and Bajaj Auto's share price hovering near its earlier record zone keeps the Indian two-wheeler manufacturer on the radar of equity traders and longer-term investors alike. The FY 2024 earnings profile, featuring higher revenue, improved net profit, and a robust dividend proposal as of the 04/18/2024 results release, provides fundamental context for the stock's current valuation on the NSE. How the balance between domestic demand, export dynamics, and competitive pressures evolves over the coming quarters will be a key factor for the trading narrative around Bajaj Auto Ltd shares.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.