One of my favourite stocks is Bajaj Auto Finance, the stock has rallied almost a 50% in the past one month.The stock is currently trading @ Rs 126 and has a book value of close to Rs 290. The company has performed fairly well over the past one year. The FY09 Q4 net profit stood at Rs 15.06 crores versus Rs 4.57 crores in the same quarter for the FY08. The company is planning to leverage on the XCD segement in the 125 cc category and is planning to come out with a gearless scooter next year. The stock has a 52 week high of Rs 275. The bike segment may grow from anywhere between 3-7 % this fiscal year. For FY'09 the net profit stood at Rs 33.92 crores an increase of 69% over the last year's figure of Rs 20.12 crores.The company has declared a dividend of Rs 2 per share.
Trading Strategy: Buy in Dips
Disclaimer: All the views expressed in this blog are based on my analysis and investor's discretion is required before investing in the above stocks
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