Bajaj Auto pushes up as export outlook shines

Bajaj Auto climbed over 2% today after brokerages revised target price of the two-wheeler major upwards, citing robust export outlook. The scrip was trading 2.48% up at Rs 2,787.45 at around 10.50 am.
The BSE Sensex was up 94 points, or 0.27% at 34,709.64. Global brokerage firm Nomura raised the rating for Bajaj Auto to ‘Buy’ from ‘Neutral’, with a revised target price of Rs 3,395 from Rs 3,252 earlier.

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