Short Bajaj Auto at Rs 1540: Murlidharan

[smartprofit consultancy]

Short Bajaj Auto at Rs 1540: Murlidharan
Published on Mon, Jan 30, 2012 at 13:51 | Source : CNBC-TV18


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%.
For full article click on the below link
http://www.moneycontrol.com/news/stocks-views/short-bajaj-auto-at-rs-1540-murlidharan_658991.html