Bajaj Auto and Hero MotoCorp gained by 1.36% to 2.79% at 10:31 IST on BSE after a foreign brokerage upgraded its rating on both these two-wheeler stocks.
Bajaj Auto (up 1.36% to Rs 1,966) and Hero MotoCorp (up 2.79% to Rs 2,108.20) edged higher.
Meanwhile, the S&P BSE Sensex was up 33.57 points or 0.16% at 20,991.38
Bajaj Auto had underperformed the market over the past one month till 5 December 2013, falling 7.45% compared with the Sensex's 0.08% fall. The scrip also underperformed the market in past one quarter, rising 2.2% as against Sensex's 10.42% rise.
Hero MotoCorp had underperformed the market over the past one month till 5 December 2013, falling 1.96% compared with the Sensex's 0.08% fall. The scrip also underperformed the market in past one quarter, rising 5.51% as against Sensex's 10.42% rise.
A foreign brokerage upgraded Hero MotoCorp to 'outperform' from 'sell'. The brokerage also upgraded Bajaj Auto to 'underperform' from 'sell'.
Powered by Capital Market - Live News
