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You are here : IndiaNotes >> Research & Analysis >> Companies >> Mahindra & Mahindra Ltd. >> Research

Buy Emami, M&M; Sell CESC, Cholamandalam

Reliance Securities | 19 Jan, 2018  | Follow Author | Add to my Favourites 
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Emami closed 2.5% higher in trade at Rs1270 compared to 0.3% increase in the benchmark Nifty.

Based on estimated adjusted EPS of Rs35.5, the stock currently trades at valuation of 35.7x FY19E earnings. We have a BUY recommendation on the stock with a Target Price of Rs1370.

Positional Pick

CESC (PREVIOUS CLOSE: 1106) SELL
Fresh short position can be initiated in the range of Rs 1135-1155 for the target of Rs1030-970 with a strict stop loss of Rs1192.

Intraday Picks

CHOLAFIN (PREVIOUS CLOSE: 1315) SELL
For today’s trade, short position can be initiated in the range of Rs 1335-1340 for the target of Rs 1280 with a strict stop loss of Rs 1355.

M&M (PREVIOUS CLOSE: 759) BUY

For today’s trade, long position can be initiated in the range of Rs 752-748 for the target of Rs 768-775 with a strict stop loss of Rs 740.
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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.

 




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Punit Jain
Founder - JainMatrix Investments - JainMatrix Investments