Reco price Rs183, Call closure price Rs228
We had recommended a BUY on Bajaj Electricals in a detailed report dated 01st March, 2012 with a target price of Rs228. The stock price surpassed this target during today’s trading session and touched high of Rs234. We recommend investors to book profit at current levels as current risk-reward has become more balanced for Bajaj Electricals, implying low probability of further relative out-performance. In the longer term, however, we continue to remain positive on the company.
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