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)
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