Buy JK Tyre & Ind, UPL; Sell IGL, Bharat Forge | IndiaNotes.com
JK Tyre & Industries (JKT) surged ~2.5% in yesterday’s trade on the expectations of better profitability ahead led by higher volume form
TBR segment as auto sales volume in Feb’18 especially CVs and PVs continued to remain robust.
We reiterate our fundamental BUY rating on the stock with Target Price of Rs 210.
BHARATFORG (LTP: 763) SELL
For today’s trade, short position can be initiated at 776-785 for target of Rs 720 with a strict stop loss of Rs 803.
For today’s trade, long position can be initiated at Rs 715-710 for target of Rs 734 with a strict stop loss of Rs 706. Traders are advised to avoid early morning whipsaw.
For today’s trade, short position can be initiated at Rs 308-311 for target of Rs 299 with a strict stop loss of Rs 314. Traders are advised to avoid early morning whipsaw.
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.
For more information please write in to [email protected]
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.