J.K. Cement (JKC), a prominent North based cement company, is expected to witness healthy traction ahead due to improving utilization and favourable product mix. We maintain our fundamental BUY rating on the stock with a Target Price of Rs 1,300.
CENTURYTEX (PREVIOUS CLOSE: 1293) BUY
Fresh long position can be initiated in the range of Rs 1285-1265 for the target of Rs 1415 with a strict stop loss of Rs 1220.
BATAINDIA (PREVIOUS CLOSE: 724)BUY
For today’s trade, long position can be initiated at around Rs 718-712 for the target of Rs745-760 with a strict stop loss of Rs705.
DIVISLAB (PREVIOUS CLOSE: 1024) SELL
For today’s trade, short position can be initiated at around Rs1035-1045 for the target of Rs1000-985 with a strict stop loss of Rs1060.
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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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