Expecting the Company to post revenue and earnings CAGR of 10.7% and 14.4%, respectively through FY17-19E, we have BUY recommendation on the stock with a Target Price of Rs 381.
HINDPETRO (LTP: 417) BUY
For today’s trade, long position can be initiated at 414-410 for target of Rs 445 with a strict stop loss of Rs 401.
INFRATEL (LTP: 384)BUY
For today’s trade, long position can be initiated at Rs 382-380 for target of Rs 394 with a strict stop loss of Rs 376. Traders are advised
to avoid early morning whipsaw.
SRTRANSFIN (LTP: 1327) SELL
For today’s trade, short position can be initiated at Rs 1340-1343 for target of Rs 1316 with a strict stop loss of Rs 1355. 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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