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Research Report Detail
|Report Date||Call||Price@Call||Target Price
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Kotak Upgrades Bajaj Auto to Buy
Kotak has upgraded Bajaj Auto to 'buy' from 'add' but it has cut its target to Rs 2,750 from Rs 2,820. Kotak says that Bajaj is a key beneficiary of decline in commodity costs and expect Bajaj Auto's EBITDA margins to expand.