as many of you are aware that bajaj holdings is strong on fundamentals. also there are some boarders who argue on holding company. this stock is all set to zoom to unimaginable levels take example of jindal southwest holdings limited when it can zoom to the current price where it is , i dont see any reason why this share should not the same way afterall mr.bajaj also must be aspiring to be in the top ten wealthiest. this share will go up if if the market enters a corrective phase similarly for bajaj auto. so keep accumulating bajaj holdings , voltamp tramsformers, gammon india, sasken comm., tv18, network18
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The good data is not enough to move a stock up an up.
As stated by Dhrendra the valueresearch online head -
`Because its results are based on the profits earned and dividends received by its investments only that is bussiness done by other companies like bajaj auto, bajajfinserve etc., it would not get that much appreciation as you are hoping.`
MR.GUEST;
KINDLY ASK MR.DHRENDRA TO EXPLAIN ABOUT THE PHENOMENAL RISE OF JINDAL SOUTHWEST HOLDINGS LIMITED. of course a stock price rises due to operator interest supported by most managements ( in india ) someday in the near future mr.bajaj also has to give permission to his operator to jack up the price.
I understand that earnings are by dividends and etc...just check the earnings in the last 2 quarters. and take a decision..
i believe it can touch 1290 wit P/E of 15.
Same thing happend with HDIL, it was lying as untouched stock @ Rs.80. Once a FII picked up few of them, all Mutual Funds rushed and pushed the price to 200+ in weeks.
This stock even at 560 is highly discounted. You are not going to get this stock in the 500-600 range in the coming months. Accumulate as much as you can at current price.
The price will be 600 before you know it.