COMPANY NAME- BAJAJ AUTO
26-MAR-11.
RECOMMENDATION- BUY
PRICE TARGET 1560
COMPANY BASIC INFORMATION
|
ISIN Id
|
INE917I01010
|
|
BSE Id
|
532977
|
|
NSE Id
|
BAJAJ-AUTO
|
|
INDUSTRY
|
Auto - 2 & 3 Wheelers
|
|
Market Cap
|
39951.46
|
|
Book Value
|
101.20
|
|
EPS (TTM)
|
85.29
|
|
Price/Book
|
13.64
|
|
Face Value
|
10.00
|
|
P/E
|
16.19
|
|
Div(%)
|
400.00%
|
|
Industry P/E
|
17.75
|
|
P/C
|
15.34
|
|
Div Yield (%)
|
2.90
|
|
STOCK PRICE HISTORY( NSE)
|
|
All Time High
|
3070.00
|
|
All Time Low
|
262.00
|
|
52 Week High
|
3070.00
|
|
52 Week Low
|
1165.65
|
Recommendation-The stock is in an intermediate uptrend and
has recently managed to give a breakout from a descending triangle ( as can be
seen on intraday chart. Earlier the stock has made an inverted head and shoulder
bottom and managed to trade above its 200 DMA. On the daily charts the price is
developing rounding scallops suggesting a gradual upside. We therefore reiterate
a Buy on the stock around 1370 with a stop loss below 1340 for a very short term
target of 1430 which can further be held by positional traders for a target of
1560.