Premium
This is an archive article published on March 5, 2013

JP Morgan cuts Bajaj Auto to underweight,shares fall

JP Morgan Securities lowers its rating on India's Bajaj Auto Ltd to 'underweight' from 'neutral'.

google-preferred-btn

J.P. Morgan Securities lowers its rating on India8217;s Bajaj Auto Ltd to 8220;underweight8221; from 8220;neutral8221; and cut its target price to 1,800 rupees from 2,060.

J.P. Morgan cites a weakening outlook for two-wheeler growth due to rising fuel prices and high inflation.

The investment bank also notes competition is set to intensify as rivals Hero MotoCorp Ltd and Honda Motor Co Ltd raise capacity.

As of 1128 0558 GMT,Bajaj Auto shares are down 1.4 percent at 1,960.60 rupees.

Stocks More on Bajaj Auto Ltd

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Pradhan Mantri Kaushal Vikas Yojana scheme, Pradhan Mantri Kaushal Vikas Yojana, PMKVY, cag, Comptroller and Auditor General of India, combat joblessness, Indian express news, current affairs
11111111111 as account number, shut centres, same photos: CAG on gaps in skills scheme
Madhya Pradesh, HIV, thalassemia, blood transfusions, Satna district hospital, blood centre,
What the probe into Madhya Pradesh HIV-thalassemia scandal has found so far
uzair baloch real life dhurandhar
Dhurandhar: Real-life Uzair Baloch inherited Rehman Dakait's gang after encounter, how he controlled Lyaari
He went on to become the biggest writers. (Photo: Rekha Org)
Forced to live on the street, with no clothes to wear, almost died of starvation, he became Bollywood's most famous writer
Foreigner stops people from riding on Pune footpath
‘Indians have the worst civic sense’: Foreigner stops people from riding on Pune footpath; video goes viral
Australian vlogger on Indian food
‘Will miss India for this one reason’: Australian vlogger praises country’s food, hospitality as trip concludes
Even if only half of them come to the party on a given day, India can be assured of a victory. (BCCI Photo)
India's series win over South Africa proves they are still worthy World Champions
Hardik Pandya India South africa
India vs South Africa: Hardik Pandya unleashes his beast mode with the bat in Ahmedabad
MGNREGA was the ground beneath our feet. It’s slipping away
MNREGA was the ground beneath our feet. It’s slipping away
The new withdrawal norms reduce the share of the mandatory annuity portion, easing the lumpsum payouts to NPS subscribers.
What new NPS norms say: higher lump sum withdrawal, exit age raised
Wedding requests
From Russian female staff to -25°C vows: Inside India’s wildest wedding requests
A sheet of MOCHI just 5 millimetres thick is enough to shield a person’s palm from the heat of an open flame. (Image: CU Bolder)
Scientists create see-through insulation that keeps buildings warmer
Advertisement
Must Read
India's series win over South Africa proves they are still worthy World Champions
Even if only half of them come to the party on a given day, India can be assured of a victory. (BCCI Photo)
India vs South Africa: Hardik Pandya unleashes his beast mode with the bat in Ahmedabad
Hardik Pandya India South africa
India's T20 World Cup squad: No surprises in store, but Shubman Gill's form to be discussed when selectors meet
Shubman Gill T20 World Cup 2026 India
Scientists create see-through insulation that keeps buildings warmer
A sheet of MOCHI just 5 millimetres thick is enough to shield a person’s palm from the heat of an open flame. (Image: CU Bolder)
ChatGPT gets an app store-style directory, bringing third-party apps into chats
ChatGPT's app store like directory lets you connect with numerous third party services.
Google launches Pixel Upgrade Program, offers yearly phone upgrades for just Rs 3,333 per month
Google says its Pixel Upgrade Program offers a 48-month no-cost EMI.
From Russian female staff to -25°C vows: Inside India’s wildest wedding requests
Wedding requests
Advertisement
Buzzing Now
‘Indians have the worst civic sense’: Foreigner stops people from riding on Pune footpath; video goes viral
Foreigner stops people from riding on Pune footpath
‘Will miss India for this one reason’: Australian vlogger praises country’s food, hospitality as trip concludes
Australian vlogger on Indian food
Man’s energetic 'Dhurandhar' FA9LA dance for newborn daughter wins praise from Yami Gautam: ‘Winner of the trend’
'Dhurandhar' FA9LA dance yami Gautam
Ankur Warikoo on his darkest phase after raising $17 million: ‘I had let everyone down’
Ankur Warikoo laid off 80 employees after raising $17 million
‘Full Fast & Furious’: 65-year-old drives Thar on railway tracks in Dimapur, taken into custody as video goes viral
Thar on railway tracks in Dimapur
Dec 20: Latest News
Advertisement