Deutsche Bank raises Bajaj Auto to 'buy'

Deutsche Bank raised Bajaj Auto to "buy" from "hold" on Thursday, citing good quarterly results, positive margin outlook and attractive valuation.

January 20, 2011 / 11:48 IST

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Deutsche Bank raised Bajaj Auto to "buy" from "hold" on Thursday, citing good quarterly results, positive margin outlook and attractive valuation.

On Wednesday, the country's second-largest two-wheeler maker, met estimates with a 40% jump in third-quarter profit, and said it expects a rise in vehicle sales next year.

At 11:03 am (0533 GMT), shares in Bajaj Auto were trading 1.3%

first published: Jan 20, 2011 11:45 am

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