Deutsche cuts Bajaj Auto to 'hold' on valuations

Written By Unknown on Kamis, 10 Oktober 2013 | 12.44

Oct 10, 2013, 10.25 AM IST

The investment bank also says Bajaj's domestic two-wheeler growth is seen at 2.7 percent a year till fiscal year 2016 compared with 8.8 percent for the industry.

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Deutsche cuts Bajaj Auto to 'hold' on valuations

The investment bank also says Bajaj's domestic two-wheeler growth is seen at 2.7 percent a year till fiscal year 2016 compared with 8.8 percent for the industry.

Like this story, share it with millions of investors on M3

Deutsche cuts Bajaj Auto to 'hold' on valuations

The investment bank also says Bajaj's domestic two-wheeler growth is seen at 2.7 percent a year till fiscal year 2016 compared with 8.8 percent for the industry.

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Deutsche Bank downgrades Bajaj Auto to "hold" from "buy" and cuts the target price on its stock to Rs 2,000 from Rs 2,250, saying current valuations have already priced in a "robust" margin trend.

The investment bank also says Bajaj's domestic two-wheeler growth is seen at 2.7 percent a year till fiscal year 2016 compared with 8.8 percent for the industry.

Deutsche says the bike maker is also underperforming in the faster-growing domestic segment of 125 cc motorcycles.

Bajaj Auto shares are up 0.05 percent at 10:07 am.



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