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Bajaj Auto hits new high in an otherwise weak market

In past three months, Bajaj Auto has outperformed the market by gaining 22% against 5.5% rise in Sensex.

Bajaj Auto, bajaj, motorcycle, NS 200, Pulsar NS200
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Pulsar NS200. Photo: Bajaj website.

SI Reporter Mumbai
Bajaj Auto hit a new high of Rs 3,372, up 1.7% on the BSE in intra-day trade in an otherwise weak market. At 10:18 AM; the stock was the top gainer among the Sensex, up 1% at Rs 3,354. On comparison, the S&P BSE Sensex was down 0.69% at 33,371.

In past three months, Bajaj Auto has outperformed the market by gaining 22% against 5.5% rise in the benchmark index.

Motilal Oswal Securities maintain ‘buy’ rating on the stock with target price of Rs 4,197 as the brokerage firm believes Bajaj Auto back on recovery path as volume