Aditya Birla Money has maintained 'buy' rating on Bajaj Auto Limited stock with targets of Rs 1482/1500.

The stock of the company, on April 13, ended at Rs 1397.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 1001 on BSE.

Current EPS & P/E ratio stood at 86.91 and 16.09 respectively.

As per Aditya Birla Money research report, "Bajaj Auto, prices are in a short-term down trend from the recent high of Rs 1482 however have given a decent bounce back after testing the 55-day EMA in Wednesday's session. But the intermediate-term trend (from February lows) is still up and historically any pull back within the same seems to be getting good support at the said moving average."

Bajaj Auto has declared a tie-up with the country's largest bank SBI to provide stock finance to its dealers.

Bajaj Auto has attained a new peak with maximum ever motorcycle sales, three wheeler sales and export sales.

The company registered motorcycle sales of 3,387,040 in FY 2010-11 as against 2,506,791 during the same period 2010.

The motorcycles sales remained at 274,389 units during the last month, an increase of 12% as against 244,870 vehicles in March last year.

The company's Pulsar & Discover brands made up 71% of total motorcycle sales.