UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600. e-3W transition dilutive to margins and market share. The global investment bank is of the view that the market is overly confident about Bajaj Auto’s e-3W market share and looted margins.
Asian equities climb after soft US inflation print
Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s