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Buy Tata Elxsi, IGL; Sell Dr Reddy's Lab, Ashok Leyland

Reliance Securities | 11 Jan, 2018  | Follow Author | Add to my Favourites 
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Tata Elxsi’s(TEL) stock rose 3.6% in yesterday’s trade, while the BSE Sensex was flat. We have a BUY rating on TEL and Target Price of Rs 1,180.

Positional Pick


Fresh long position can be initiated in the range of Rs2425-2455 for  the target of Rs2300-2170 with a strict stop loss of Rs2530.

Intraday Picks


For today’s trade, short position can be initiated in the range of Rs 130-131 for the target of Rs 124-122 with a strict stop loss of Rs133.


For today’s trade, long position can be initiated in the range of  Rs 326-323 for the target of Rs334-338 with a strict stop loss of Rs 320.

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2,068.00 -39.70
2,072.30 -36.00
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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.

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


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