Deutsche cuts India's Bajaj Auto to 'hold' on demand outlook

MUMBAI Thu Jan 17, 2013 8:51am IST

Related Topics

Stocks

   

MUMBAI Jan 17 (Reuters) - Deutsche Bank downgraded India's Bajaj Auto to "hold" from "buy", saying current valuations already factor in the company's "strong" margin performance but do not account for the risks in an "uncertain" demand environment.

Bajaj Auto on Wednesday saw its prized profit margin slip in the quarter to December, despite hitting estimates with a 3 percent rise in quarterly earnings, as rising costs and a fall in exports crimped earnings. (Reporting by Rafael Nam and Abhishek Vishnoi; Editing by Subhranshu Sahu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage