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Reliance Securities Market Lens (29 Nov 17) - IndiaNotes.com
Reliance Securities Market Lens (29 Nov 17)
Reliance Securities | Published: 29 Nov, 2017  | Source : IndiaNotes.com
ABB Indiawas among the earliest players to tap solar opportunity in India via range of solar inverters (50% market share) and power evacuation solutions

Valuing at 50x CY18E (15% discount to its mean multiple of 60x (2005-15) earnings of Rs32.1/share, we have BUY recommendation with a Target Price of Rs1,607.

Positional Pick

HEROMOTOCO (LTP: 3673) BUY

For today’s trade, long position can be initiated at 3640-3610 for target of Rs 3815 with a strict stop loss of Rs 3540.

Intraday Picks

CIPLA (LTP: 612) SELL

For today’s trade, short position can be initiated at Rs 617-620 for target of Rs 606 with a strict stop loss of Rs 622. Traders are advised
to avoid early morning whipsaw.

LICHSGFIN (LTP: 598) BUY

For today’s trade, long position can be initiated at Rs 596-593 for target of Rs 609 with a strict stop loss of Rs 589. Traders are advised
to avoid early morning whipsaw.   Read full report Click here to read the full report


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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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.