Book profit in Bajaj Finance around Rs 1080: SP Tulsian

SP Tulsian, sptulsian.com advice traders to book profit in Bajaj Finance around Rs 1080.

Tulsian told CNBC-TV18, “Bajaj Finance, excellent numbers they have presented for Q1 and as earlier I said that I am taking a target of Rs 1100 on the stock and the kind of run up which in fact I have seen when they announced the results it was ruling maybe closer to Rs 1000, to be precise maybe Rs 996-998 and at that time the call was given that probably we could see a price of Rs 1100 in next month to 45 days.”
He further added, “It seems to have been taken well by the market and we have seen good upside coming in into the stock very quickly but yes maybe at the level of Rs 1080 or so one can go for the profit booking and should really be cautious because generally this stock we have seen the corrections coming back quickly also into the Bajaj Finance as well as the Bajaj FinServ, the holding company of this company. So, I’ll advice the profit booking maybe at Rs 1080 and fresh entry, I will not advice to have at these levels.”