 "Bajaj Auto gains on Nomura upgrade, Pulsar launch")
[caption id=“attachment_304919” align=“alignleft” width=“350” caption=“Reuters”]  [/caption]
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.
STORY CONTINUES BELOW THIS AD
Reuters
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/05/bajajauto_reuters.jpg){kind=link}