Bajaj FinServ, Bajaj Finance can go up 5-8%: Tulsian

SP Tulsian of sptulsian.com feels Bajaj FinServ and Bajaj Finance can give a good return of anywhere between 5-8 percent in a week to 10 days.

Tulsian told CNBC-TV18, “M&M Financial’s numbers have been really very good. But the kind of run which we have seen in the stock, if that has happened on the hopes of banking license then I do not think that is a right strategy. The stock has been moving up. The valuations have gone much beyond the fundamentals.”
He further said, “It is better that if we have a look to the comparable peers like maybe Bajaj Finance or Bajaj FinServ or even Shriram Transport who have presented the numbers now with the expected EPS at Rs 70 for FY14 and for Bajaj Finance it could be Rs 175-180. Yes, I will keep my eyes on other stocks which really look interesting. If one can keep a view on Bajaj FinServ and Bajaj Finance for about a week to 10 days they can really give a very good return of anywhere between 5-8 percent.”