#Bajaj Auto #BSE Sensex #StockWatch
Reuters
Bajaj Auto rises 1.2 percent to 1,538 rupees after Nomura upgrades the two-wheeler to “buy” from “neutral,” and raises its target price to Rs 1,809 from Rs 1,588.
The brokerage cites compelling valuations, weak rupee, and the launch of the Pulsar and Discovery motorcycles as key reasons for the upgrade.
Bajaj Auto’s stock fell 9.6 percent since the quarter started in April as of Wednesday’s close compared with a 6 percent fall in the Nifty in the corresponding period.
Reuters
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