PINC Research has maintained 'buy' rating on Bajaj Auto Limited with a price target of Rs 1855 in its report dated January 17, 2011.

Today, the stock of the company opened at Rs 1247 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 830 on BSE.

Current EPS & P/E ratio stood at 81.86 and 15.45 respectively.

During the last month of 2010, Bajaj Auto's total sales grew by 10% to 276,803 units as against 252,004 units during the corresponding period of 2009.

The company's overall exports during the month of December remained at 95,388 units as against 91,369 units during the same period of 2009.

Bajaj Auto is likely to make a fresh launch in the motorcycle space in Q1FY12 in cooperation with KTM.

In spite of growing rivalry, the company projected to maintain its market share with domestic volume increase of 14%, in proportion to the industry.

The exports outlook remained stable with overall export figures likely to hit 1.4 million by FY12.