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Buy Cipla and Pidilite Industries; Sell TCS and Marico

Reliance Securities | 01 Mar, 2018  | Follow Author | Add to my Favourites 
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Intraday Picks

Pidilite Industries closed 1.5% higher in trade today at Rs901, compared to 0.6% fall in the benchmark Nifty.

Pidilite is a dominant player in India’s adhesives & sealants and construction chemicals industry with iconic brands like Fevicol, M-Seal, Fevikwik and Dr. Fixit.

Unmatched market leadership in under-penetrated category, strong brand equity, robust pricing power and superior management bandwidth would continue to drive growth for Pidilite, going forward.

The company posted stellar set of numbers in 3QFY18 with consolidated net sales and net profit growing by 16% and 18% respectively. Volume growth was impressive at 22% albeit on a lower base.

We expect Pidilite’s revenue and earnings to clock 13.5% and 16.5% CAGR, respectively through FY17-20E. Based on expected EPS of Rs26.7, the stock currently trades at 33.7x FY20E earnings.

We have a BUY recommendation on the stock with a Target Price of Rs997

Positional Pick

TCS (LTP: 3035)


For today’s trade, short position can be initiated at 3070-3100 for target of Rs 2895 with a strict stop loss of Rs 3190.

Intraday Picks

CIPLA (LTP: 589)


For today’s trade, long position can be initiated at Rs 584-588 for target of Rs 602 with a strict stop loss of Rs 579. Traders are advised to avoid early morning whipsaw.



For today’s trade, short position can be initiated at Rs 310-313 for target of Rs 301 with a strict stop loss of Rs 316. Traders are advised to avoid early morning whipsaw.

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2,825.50 -43.65
2,825.70 -44.00
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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.

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 accept any liability whatsoever arising from the use of any of the above contents.


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