Bajaj Auto Ltd (BAJA.BO)
21 May 2013
|Market Cap (Mil.):||Rs539,322.31|
|Shares Outstanding (Mil.):||289.37|
REUTERS - Bajaj Auto, India's second-largest motorcycle maker, sounded downbeat on Thursday about domestic demand this year, as Japanese manufacturers race ahead in popularity in the world's second largest motorcycle market.
Reuters Market Eye - Kotak Institutional Equities upgrades Hero MotoCorp Ltd to "add" from "sell", and maintains its "reduce" rating on Bajaj Auto.
Reuters Market Eye - Nomura downgraded Bajaj Auto to 'neutral' from 'buy', saying the Indian auto maker's valuations of 15.5 times fiscal 2014 earnings have priced in expectations of improving market share.