Technical Analyst Rakesh Bansal of Way 2 Wealth has maintained 'buy' rating Bajaj Auto Ltd stock with target of Rs 2250

According to analyst, the interested investors can buy the stock with stop loss of Rs 2170.

Today, the shares of the company opened at Rs 2230 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2231.40 and a low of Rs 949.45 on BSE. Current EPS and P/E ratio of the stock stood at 128.74 and 17.24 respectively.

Bajaj Auto announced that its total sales during the last month stood at 299,422 units as compared to 185,341 units sold during the same month of 2009, showing an increase of 62%.

During the same month, motorcycle sales were 269,488 units as against 165,049 units in May 2009, reflecting a rise of 63%.

The company's three-wheelers sales surged 52% at 29,954 units as compared to 19,644 units in May last year.

Total exports grew by 64% in May 2010 to 95,964 units versus 58,682 units during the same month of 2009

For April-May 2010, the company's overall sales remained up by 73% at 612,914 units with bike sales up 73% at 545,583 units.

Year-to-date three wheeler sales zoomed 75% at 67,304 units.