Bajaj Holdings & Investments Ltd (BAJHOL) a primary investment holding company was demerged from Bajaj Auto Ltd (BAJAUT) in 2008. All the businesses and all properties, assets, investments and liabilities of Bajaj Auto & Bajaj Finserve (BAJFIN), other than the manufacturing undertaking and the strategic business undertaking, now remain with BAJHOL. Post‐demerger, BAJHOL holds more than 30% shares each in Bajaj Auto and Bajaj Finserve.
BAJAJHOLDING (Rs.931) Stock is a major triangle break-out with volumes and closed @ highest level in 32months, this stock new entrant in F&O has added more liquidity and traders interest in the stock. BAJAJHLDG is trading at a significant discount of greater than 55% so the gap can get narrowed down.
Stock can target Rs 990-1010 and short-term traders can keep adequate stop near Rs 895 Investors can look forward to Rs 1200 as target over 12-18 months
