Bajaj Auto stock rises ahead of Q2 earnings

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)