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    HomeNewsBusinessCompaniesCLSA downgrades Bajaj Auto to underperform

    CLSA downgrades Bajaj Auto to underperform

    CLSA downgraded motorcycle and three-wheeled motorised rickshaw maker Bajaj Auto to "underperform" from "outperform" on Wednesday, a note seen by Reuters showed.

    January 05, 2011 / 11:54 IST

    CLSA downgraded motorcycle and three-wheeled motorised rickshaw maker Bajaj Auto to "underperform" from "outperform" on Wednesday, a note seen by Reuters showed.

    The brokerage said it believes that two-wheeler industry growth would moderate over FY12-13 while competition would intensify.

    At 10:49 a.m. (0519 GMT), shares in Bajaj Auto were trading 1.8% lower at Rs 1,404.8, while the main stock index was down 0.4%.

    first published: Jan 5, 2011 11:52 am

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