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Houseviews: How to trade ING Vyasa, Asian Paints, Bajaj Auto post Q1 nos

Tue, Jul 23, 2013 at 09:35

| Source: Moneycontrol.com
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Bajaj Auto

Brokerage: ICICI Direct

Rating: BUY

Target: Rs 2217
Rationale: The brokerage expects hike in rural demand and believes the strong export benefit makes BAL an attractive play. It doesn’t see any reason to be overtly pessimistic on the same and feel it could enjoy richer valuations than pure play domestic peers. It has upgraded the PE multiple to 15x.

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