Short Bajaj Auto at Rs 1540: Murlidharan

Short Bajaj Auto at Rs 1540, says Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL.

Murlidharan told CNBC-TV18, "We have given a strategy to actually go short on future or simply out of the money put option can be bought. So Bajaj Auto at Rs 1540, you can definitely short it. We feel Rs 1581 should be a good stop loss and we are actually seeing Rs 1460 on that."
The company's trailing 12-month (TTM) EPS was at Rs 115.42 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 13.44. The latest book value of the company is Rs 169.69 per share. At current value, the price-to-book value of the company was 9.14. The dividend yield of the company was 2.58%.