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Hold Bajaj Auto: Reliance Money

Posted on: April 8th 2009 in Brokerage Recommendations.

Reliance Money has recommended a hold rating on Bajaj Auto in its April 8, 2009 research report. “BAL is estimated to report decline in earnings by 4% to Rs 49.8. But due to expected demand growth in two wheeler industry, we estimate BAL’s EPS to grow by 17% in FY10E to Rs 58….

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