Bajaj Auto Share Price Falls as Arihant Capital Downgrades Stock to Accumulate Near 52 Week High

The Bajaj Auto share price slipped on 24 July 2026 after brokerage Arihant Capital downgraded the stock to an accumulate rating, a step down from its earlier stance. The stock was quoting at Rs 11,205, down Rs 73.65 or 0.65 percent, having touched an intraday high of Rs 11,325 and an intraday low of Rs 11,153.30.

The Bajaj Auto share price move comes a day after the stock rallied 2.54 percent, or Rs 279.35, to close at Rs 11,278.65 in the previous session, meaning today's modest pullback follows a strong run up that had taken the counter close to fresh highs.

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Bajaj Auto Share Price Near Record Levels

Despite the downgrade and today's dip, the Bajaj Auto share price remains close to its all time peak, having touched a fresh 52 week high of Rs 11,333 on 23 July 2026, just one session before Arihant Capital's rating change.

Parameter	Detail
CMP	Rs 11,205, down 0.65 percent
Intraday range	Rs 11,153.30 to Rs 11,325
Volume vs 5-day average	14,960 vs 43,801, down 65.85 percent
Previous session close	Rs 11,278.65, up 2.54 percent
52 week high / low	Rs 11,333 (23 Jul 2026) / Rs 7,879.45 (07 Aug 2025)
Market capitalisation	Rs 313,177.33 crore

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Why Did Arihant Capital Downgrade Bajaj Auto

Downgrades to accumulate, rather than an outright sell or hold, typically signal that a brokerage still likes the underlying business but sees the risk reward turning less favourable after a sharp rally. With the Bajaj Auto share price now just 1.13 percent below its 52 week high and 42.21 percent above its 52 week low, much of the recent positive momentum may already be priced in.

The move also comes on a day when the broader Nifty Auto sector is among the weakest performing groups in the market, falling over 1 percent as rising US bond yields, crude oil above 100 dollars a barrel and persistent FII selling weigh on cyclical and consumption linked stocks.

What the Rating Change Means for Investors

An accumulate rating generally suggests a brokerage sees the stock as a reasonable holding on dips rather than a name to chase at current levels. For existing Bajaj Auto shareholders, the call is less about an exit signal and more a reminder that near term upside may be more limited after the recent surge to record highs.

New investors considering the Bajaj Auto share price at current levels should weigh the stock's proximity to its 52 week high against valuation and near term sector headwinds, including the broader auto sector weakness seen in today's session, before initiating fresh positions.

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Conclusion

The Bajaj Auto share price eased 0.65 percent to Rs 11,205 on 24 July 2026 after Arihant Capital downgraded the stock to accumulate, a day after it hit a fresh 52 week high of Rs 11,333. With the stock still just 1.13 percent below its record and the broader auto sector under pressure, investors should weigh valuation and sector trends carefully before adding fresh positions, and consult a SEBI registered advisor.

Frequently Asked Questions FAQs

Why did the Bajaj Auto share price fall today?

Ans. The Bajaj Auto share price fell 0.65 percent to Rs 11,205 on 24 July 2026 after Arihant Capital downgraded the stock to accumulate, and amid broader weakness in the auto sector during the session.

What rating did Arihant Capital give Bajaj Auto?

Ans. Arihant Capital downgraded Bajaj Auto to an accumulate rating, a step down from its earlier stance, suggesting the risk reward has become less favourable after the stock's recent rally to record highs.

What is the 52 week high of Bajaj Auto?

Ans. Bajaj Auto touched a fresh 52 week high of Rs 11,333 on 23 July 2026. The stock is currently trading just 1.13 percent below this level despite today's pullback.

What is the market capitalisation of Bajaj Auto?

Ans. Bajaj Auto's market capitalisation stands at Rs 313,177.33 crore as on 24 July 2026, making it one of the largest companies in the auto sector by market value.

Is Bajaj Auto still a good buy after the downgrade?

Ans. An accumulate rating suggests holding or buying on dips rather than chasing the stock at current levels. Investors should assess valuation relative to the stock's proximity to its 52 week high and consult a SEBI registered advisor before deciding.

Why is the broader auto sector under pressure today?

Ans. The Nifty Auto index fell over 1 percent on 24 July 2026 amid rising US bond yields, crude oil above 100 dollars a barrel and persistent FII selling, all of which weigh on cyclical and consumption linked sectors such as autos.