Shares of Bajaj Auto Ltd jumped nearly 5 per cent to touch a 52-week high of Rs 5,078 on Friday after BofA Securities revised its recommendation on the stock to ‘Buy’ from Neutral, citing multiple levers to growth.
The brokerage firm has also raised the price target from Rs 5,100 to Rs 5,550, which is an upgrade potential of nearly 15 per cent from the closing price of September 14.