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Hold Bajaj Auto; target of Rs 985: KRChoksey

Posted on: May 24th 2009 in Brokerage Recommendations.

KRChoksey has maintained its hold rating on Bajaj Auto with a price target of Rs 985, in its reports dated May 21, 2009. “Bajaj Auto Ltd (BAL) reported net sales of Rs 1,883 crore which is below our estimates of Rs 1978 crore mainly on account of 22% decline in the volumes of two w…

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