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• Bajaj Auto gains 2.2 percent after Barclays upgrades the stock to "overweight" from "equalweight".
• Barclays says all the bad news appears to be priced in.
• Demand for two-wheelers in India will accelerate to 12 and 12.3 percent for FY15 and FY16 as macro factors improve along with new launches, it says.
• The brokerage also upgrades Hero MotoCorp to "equalweight" from "underweight" citing recent rally.
• However, Hero shares are down 1.2 percent on caution ahead of June-quarter results.

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