Tech Mahindra’s stock price rose by 1% in Friday’s trade, while the BSE Sensex declined 2.3%.
We have a BUY rating on Tech Mahindra, with a target price of Rs 750.
DABUR (PREVIOUS CLOSE: 344) SELL
Fresh short position can be initiated in the range of Rs355-360 for the target of Rs 323-315 with a strict stop loss of Rs 370.
WIPRO (PREVIOUS CLOSE: 301) BUY
For today’s trade, long position can be initiated in the range of Rs298-295 for the target of Rs 305-310 with a strict stop loss of Rs293.
COALINDIA (PREVIOUS CLOSE: 290) SELL
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For today’s trade, short position can be initiated in the range of Rs 294-297 for the target of Rs284-278 with a strict stop loss of Rs 302.
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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