India Cements (ICL) gained ~3.5% in yesterday’s trade on the expectation of improvement in margins and demand scenario in coming quarters.
We maintain our fundamental BUY rating on the stock with a Target Price of Rs 200.
ASHOKLEY (PREVIOUS CLOSE: 125)
BUY Fresh long position can be initiated in the range of Rs121-119 for the target of Rs134 with a strict stop loss of Rs115.
MINDTREE (PREVIOUS CLOSE: 599) SELL
For today’s trade, short position can be initiated in the range of Rs 603-607 for the target of Rs590-580 with a strict stop loss of Rs 615
UJJIVAN (PREVIOUS CLOSE: 398) BUY
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For today’s trade, long position can be initiated in the range of Rs 397-394 for the target of Rs 406-411 with a strict stop loss of Rs 389
About Reliance Securities
Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.
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