Bajaj Auto stock rises ahead of Q2 earnings
Baja's July-September results will reflect some of the rising sales price trend, but profits will likely be flattish, Bank of America-Merrill Lynch said.
- Oct 14, 2014,
- Updated Oct 14, 2014 1:15 PM IST
The Bajaj Auto stock on Tuesday rose after Bank of America-Merrill Lynch upgraded the stock to "buy" from "underperform", citing higher volume and average selling prices, and increased contribution from dirt-bike making affiliate KTM.
At 12:55 pm, the stock was trading 2.20 per cent higher on the BSE.
Baja's July-September results will reflect some of the rising sales price trend, but profits will likely be flattish, it added.
The company's July-Sept earnings due later in the day.
(Reuters)
The Bajaj Auto stock on Tuesday rose after Bank of America-Merrill Lynch upgraded the stock to "buy" from "underperform", citing higher volume and average selling prices, and increased contribution from dirt-bike making affiliate KTM.
At 12:55 pm, the stock was trading 2.20 per cent higher on the BSE.
Baja's July-September results will reflect some of the rising sales price trend, but profits will likely be flattish, it added.
The company's July-Sept earnings due later in the day.
(Reuters)