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MARKET EYE-Bet on India's Hero MotoCorp over Bajaj Auto - Kotak
March 7, 2013 / 3:32 AM / 5 years ago

MARKET EYE-Bet on India's Hero MotoCorp over Bajaj Auto - Kotak

* Kotak Institutional Equities upgrades Hero MotoCorp Ltd
 to "add" from "sell", and maintains its "reduce"
rating on Bajaj Auto Ltd.
* Kotak says it changes its preferred pick to Hero in the
two-wheeler segment given Hero's valuation discount to Bajaj
Auto.
* The Indian brokerage also expects Hero to post higher earnings
growth than Bajaj. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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