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Buy MOIL and Sell BPCL

Reliance Securities | 29 Dec, 2017  | Follow Author | Add to my Favourites 
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MOIL closed ~2% higher supported by 1.2x its two-week average traded volume

Going forward, we expect strong cash flow generation to continue due to low capex. Net cash is slated to rise to Rs110/ share (~46% of current Mkt. Cap) by FY19E (post considering Rs 8.63bn incurred towards share buy-back).We are positive on the stock with a Target Price of Rs 259.

Positional Pick


For today’s trade, long position can be initiated at 364-361 for target of Rs 390 with a strict stop loss of Rs 348.

Intraday Picks


For today’s trade, long position can be initiated at Rs 308-311 for  target of Rs 321 with a strict stop loss of Rs 306. Traders are advised  to avoid early morning whipsaw.


For today’s trade, short position can be initiated at Rs 531-534 for  target of Rs 519 with a strict stop loss of Rs 538. Traders are advised to avoid early morning whipsaw.

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312.90 +0.50
312.90 +1.05
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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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