Bajaj Finserv may go down to Rs 390: Rajesh Satpute

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Bajaj Finserv may go down to Rs 390: Rajesh Satpute

Bajaj Finserv may go down to Rs 390, says Rajesh Satpute of Mangal Keshav Securities.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajesh Satpute See what other Experts & Brokerages are saying about Bajaj Finserv See messages about Bajaj Finserv

Bajaj Finserv may go down to Rs 390, says Rajesh Satpute of Mangal Keshav Securities.

Satpute told CNBC-Awaaz, "Bajaj Finserv is looking weak on chart. The stock has strong selling pressure. There is indication of downside in short term. It may go down to Rs 390 in coming days."

The company's trailing 12-month (TTM) EPS was at Rs 14.26 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 31.29. The latest book value of the company is Rs 96.08 per share. At current value, th price-to-book value of the company was 4.64. The dividend yield of the company was 0.28%.