** Shares of Australia's Bapcor BAP.AX rise 3.2% to A$5.18; set for biggest single-day gain since April 23
** The auto-parts maker flags it is set to hit the top end of its cost savings outlook for the current fiscal year
** Co continues to streamline specialist networks and co's retail and wholesale businesses' overviews are about complete
** BAP targeting cost savings between A$20 million ($12.91 million)-A$30 million this financial year
** Stock down 9.8% YTD
($1 = 1.5487 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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