Why Morgan Stanley is bullish on Bajaj Auto despite 10% YoY drop in October auto sales?
Despite a 10 per cent year-on-year drop in October auto sales, brokerage firm Morgan Stanley has upgraded its stance on Bajaj Auto from ‘Equalweight’ to ‘Overweight’. The brokerage is bullish on this stock, relying on month-on-month improvement in its domestic two-wheeler demand
Bajaj Auto was the top gainer on Nifty today and was trading at Rs 3,801.45, up by Rs 64 or 1.73 per cent from the Wednesday closing price. Source: Source: IANS