Bajaj Finance may hit Rs 6100 in 1 month: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "In Bajaj Finance, I will not be surprised to see price of Rs 6,100-6,200, correcting by Rs 200-250. That makes an entry point, because right now if you really take a call on the expected earnings per share (EPS) of maybe about Rs 260-265 for FY'16 and maybe Rs 300 plus for FY'17, it makes the stock look a bit expensive making a price to earnings ratio of about 20 times.""I am not going by the book value method, because again that itself is quite expensive. But, one can keep a price of about maybe Rs 6,100 in mind, which you are going to see probably in the next one month or so," he said.Bajaj Finance closed at Rs 6,380.50, up Rs 550.95, or 9.45 percent. It has touched a 52-week high of Rs 6,495.90.