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 todayâ€™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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