CLSA downgrades Bajaj Auto

CLSA downgrades Bajaj Auto to 'sell' from 'underperform', while maintaining its 'sell' rating on Hero MotoCorp , citing weak demand growth, a consumer shift to scooters over motorcycles, and rising competition.

http://www.moneycontrol.com/news/business/clsa-downgrades-bajaj-auto-shares-fall_767666.html

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