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This is an archive article published on September 16, 2010

Kotak downgrades Bajaj Auto

Kotak Securities said it had downgraded Bajaj Auto to reduce.

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Kotak Securities said on Thursday it had downgraded Bajaj Auto,India8217;s second-largest motorcycle maker,to reduce from add on unattractive risk-reward ratio despite the blazing sales the company is notching up.

At 9:19 a.m. 0349 GMT,shares were up 0.8 percent at 1,477.20 rupees while the main stock index was up 0.2 percent.

 

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