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Reliance Securities Market Lens (7 Dec 17) - IndiaNotes.com
Reliance Securities Market Lens (7 Dec 17)
Reliance Securities | Published: 07 Dec, 2017  | Source : IndiaNotes.com

Godrej Consumer Products (GCPL)closed 2.5% higher in trade today at Rs1003 compared to 0.7% drop in the benchmark Nifty.Based on EPS of Rs27, the stock currently trades at 37x FY19E  earnings. We have a BUY rating on the stock with target price of Rs 1120.


Positional Pick


DISHTV (PREVIOUS CLOSE: 82) BUY


Fresh long position can be initiated in the range of Rs 80-78 for the target of Rs89-92 with a strict stop loss of Rs 74.


Intraday Picks


M&MFIN (PREVIOUS CLOSE: 444)BUY

For today’s trade, long position can be initiated at around Rs441-438  for the target of Rs 452-460 with a strict stop loss of Rs 434.

FORTIS (PREVIOUS CLOSE: 145) SELL

For today’s trade, short position can be initiated at around Rs147-149 for the target of Rs140-137 with a strict stop loss of Rs 152.

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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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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.