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Friday, November 4, 2011

Stock_for_YOU SELL BAJAJ AUTO -- says Chandan Tapadia of Anand Rathi Securities

Chandan Tapadia of Anand Rathi Securities is of the view that one
should sell Bajaj Auto .
Tapadia told CBNC-Awaaz, "Investors should sell Bajaj Auto with a
stoploss of Rs 1820. The stock has a strong selling pressure. It may
go down to Rs 1600 in near term."
The company's trailing 12-month (TTM) EPS was at Rs 121.10 per share.
(Sep 2011). The stock's price-to-earnings (P/E) ratio was 14.02. The
latest book value of the company is Rs 169.69 per share. At current
value, the price-to-book value of the company was 10.01. The dividend
yield of the company was 2.36%.

Prasanth KS
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