Mitesh Thacker of miteshthacker.com recommends a buy rating on Bajaj Finance with a target price of Rs 7450 and a strict stop loss placed at Rs 7752. The stock is trading with a P/E of 32.31 and P/B of 8.02. The stock is looking bearish on the charts.Bajaj Finance is a low beta stock (0.67) and is trading well above its 50-day, 100-day and 200-day moving averages at Rs 7346, Rs 6769 and Rs 6070, respectively, as per data collated by ETMarkets.com. The stock has gained 25.22 per cent so far in the calendar year 2016.

Source: Economic Times June 10, 2016 08:16 UTC