Bharat Gianani positive on Bajaj Auto, target Rs 2360

Bharat Gianani of Angel Broking told CNBC-TV18, "As of now, we have a target price of Rs 2,360 in Bajaj Auto. We are positive on the stock. We have to understand from the management the nature of the one-offs which have been there and probably then we would be able to take a call on the adjusted margins going forward for the company. In two-wheelers, we are not very bullish if we take the overall automotive industry."

At 13:41 hrs Bajaj Auto was quoting at Rs 2,248.25, up Rs 97.75, or 4.55 percent. It has touched an intraday high of Rs 2,254 and an intraday low of Rs 2,124.