Reuters Market Eye - Bajaj Auto gains 2.2 percent.
Bank of America-Merrill Lynch upgrades the stock to "buy" from "underperform", citing higher volume and average selling prices, and increased contribution from dirt-bike making affiliate KTM.
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.
(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)