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Bajaj Auto Gains After Barclays Upgrade

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Bajaj Auto gained 2.2 per cent after Barclays upgrades the stock to "overweight" from "equalweight".

Barclays says all the bad news appears to be priced in.

Demand for two-wheelers in India will accelerate to 12 and 12.3 per cent for FY15 and FY16 as macro factors improve along with new launches, it says.

The brokerage also upgrades Hero MotoCorp to "equalweight" from "underweight" citing recent rally.

However, Hero shares are down 1.2 per cent on caution ahead of June-quarter results.

(Reuters)
 


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shares news 4 markets barclays bajaj auto hero