Stock market analysts have maintained 'buy' rating on Bajaj Finserv Ltd with an intraday target of Rs 350.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 340.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 3582.

Shares of the company, on Monday (Nov 16), closed at Rs 116.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 139.70 and a low of Rs 53.50 on BSE. Current EPS & P/E ratio of the stock stood at 17.46 & 6.69 respectively.

On Nov. 10, Bajaj Finserv and Bajaj Holdings & Investment have received certificate of registration from the central Bank (RBI) to continue NBFC business.

Bajaj Holdings & Investments previously (de-merged) called as Bajaj Auto offers financial as well as investment services.

Moreover, Bajaj Finserv has decided to foray into the building equipment financing by 2010 in order to tap the prospective provided by the infrastructure segment.

Mr. Sanjiv Bajaj, company's MD said that Bajaj Finserv loan book presently stands at Rs 3,000 crore and it has been rising at 30-35% during the past 18 months.