Exit Bajaj Finserv, says Rajendra Patel

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Exit Bajaj Finserv, says Rajendra Patel

Rajendra Patel of Highsight Capital advises to exit Bajaj Finserv.

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

Rajendra Patel of Highsight Capital advises to exit Bajaj Finserv .

Patel told CNBC-Awaaz, "Investors should exit Bajaj Finserv. The stock has resistance at Rs 590-595. If the stock touches Rs 570-580 then one should exit at that level."

The company's trailing 12-month (TTM) EPS was at Rs 14.26 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 39.20. The latest book value of the company is Rs 96.08 per share. At current value, the price-to-book value of the company was 5.82. The dividend yield of the company was 0.22%.