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Time to Book Profit in Indian Stock to Make Money

Posted By On 12:05 AM Under

All those who have exposure in this auto major i.e. Bajaj Auto needs to exit this stock with profit now as stock has run up considerably though the results are not commensurate to the run up in the stock market.

2. The stock is being priced at more than Rs 1125 which translates into stock being valued at a trailing price-earning ratio at 17 times.

3. Only source of consolation can be that Hero Honda is trading at 17.8 times its Price to equity ratio and said stock can traget the levels of Rs 1500; but its sales and figures are much impressive than Bajaj Auto.
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