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Buy Bajaj Auto, says Pritesh Mehta

Pritesh Mehta of IIFL suggests buying Bajaj Auto.

December 31, 2013 / 17:27 IST
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Pritesh Mehta of IIFL told CNBC-TV18, "TVS Motor has gone up by 110 percent in last three months, so there is no trade possible in this stock. Bajaj Auto which has done considerably well compared to the other auto counters and it is available at good support levels. We should go and buy Bajaj Auto rather than TVS."

The share touched its 52-week high Rs 2,228.95 and 52-week low Rs 1,657.50 on 03 January, 2013 and 04 April, 2013, respectively.

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The company's trailing 12-month (TTM) EPS was at Rs 125.53 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 15.26. The latest book value of the company is Rs 273.08 per share. At current value, the price-to-book value of the company was 7.01. The dividend yield of the company was 2.35 percent.

first published: Dec 31, 2013 05:27 pm

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