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Tuesday, Mar 07, 2006


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Baja Auto betting on rural pulse

Bajaj Auto has been market favourites in the last few trading sessions. Aided by the publication of `buy' reports by some large broking houses, the stock has been a big mover. It touched its 52-week high of Rs 2,808.90 on Friday. On Monday, it gained Rs 21.25 to end at Rs 2,728.10.

Analysts predict Bajaj Auto would benefit from the pro-rural measures announced in the Union Budget. With agricultural income stated to increase, two-wheeler purchases in non-urban centres are poised for growth, according to analysts.

The stock has gained over 30 per cent in the last month of trade.

Veena Venugopal

More Stories on : Stock Markets | Ear to the ground | Bajaj Auto Ltd

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