Buy Bajaj Finserv for target of Rs 850, says Kapoor

Written By Unknown on Jumat, 05 April 2013 | 18.00

Sahil Kapoor of Edelweiss advises traders to buy Bajaj Finserv for a target of Rs 850 with a stop loss of below Rs 720.

Kapoor told CNBC-TV18, "Looking at stocks in the midcap space which have held on to their levels, Bajaj Finserv again is one of them and the stock has been in a very nice uptrend but in the last six months it has just consolidated. So Bajaj Finserv if you look at it Rs 720-730 levels have actually not been challenged."

He further added, "Whenever Bajaj Finserv to about Rs 750 you see that there is a lot of committed buying that comes in which is visible in the volumes. So from current levels Bajaj Finserv is a good bet. Whenever you see some amount of stability you should go ahead and buy Bajaj Finserv for targets of about Rs 850 and Rs 720 should serve as a very good support and you can keep a stop loss below that level."



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