Ramkrishna Forgings (RFL) gained over 4% in yesterday’s market on the expectations of healthy improvement in earnings in coming quarters led by visible improvement in automobiles volume especially in CV segment. We maintain our BUY rating on the stock with a Target Price of Rs 975.
HEROMOTOCO (LTP: 3582) BUY
For today’s trade, long position can be initiated at 3530-3500 for target of Rs 3775 with a strict stop loss of Rs 3410.
ESCORTS (LTP: 907) SELL
For today’s trade, short position can be initiated at Rs 908-915 for target of Rs 880 with a strict stop loss of Rs 925. Traders are advised to avoid early morning whipsaw.
MINDTREE (LTP: 733) SELL
For today’s trade, short position can be initiated at Rs 738-742 for target of Rs 710 with a strict stop loss of Rs 751. Traders are advised to avoid early morning whipsaw.
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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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