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Reliance Securities Market Lens (4 Dec 17) - IndiaNotes.com
Reliance Securities Market Lens (4 Dec 17)
Reliance Securities | Published: 04 Dec, 2017  | Source : IndiaNotes.com
Pidilite Industries closed 1.5% up in trade today at Rs 855 compared to 1% fall in the benchmark Nifty.

Expecting Pidilite to post revenue and earnings CAGR of  14.1% & 16.7% through FY17-19E, we maintain our BUY recommendation on the stock with a target price of Rs 941.

Positional Pick

TATAELXSI (PREVIOUS CLOSE: 920)SELL

Fresh short position can be initiated in the range of Rs 930-950 for  the target of Rs 820-790 with a strict stop loss of Rs 980.

Intraday Picks

BHEL (PREVIOUS CLOSE: 91) SELL

For today’s trade, short position can be initiated at around Rs 92-93 for the target of Rs89-87 with a strict stop loss of Rs 94.

NMDC (PREVIOUS CLOSE: 129)SELL

For today’s trade, short position can be initiated at around Rs 132-133 for the target of Rs 127-125 with a strict stop loss of Rs 135.   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.