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Reliance Securities Market Lens (09 Jan 18)

Reliance Securities | 09 Jan, 2018  | Follow Author | Add to my Favourites 
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Colgate-Palmolive ended 1.7% up in trade today at Rs1,118  compared to 0.6% increase in the benchmark Nifty.


We expect the Company to deliver 10.5% and 13.5% CAGR in  revenue and earnings, respectively through FY17-19E and have a BUY recommendation on the stock with a Target Price of Rs 1,235.


Positional Pick

AUROPHARMA (LTP: 677) BUY

For today’s trade, long position can be initiated at 677-670 for target of Rs 720 with a strict stop loss of Rs 645.


Intraday Picks

ITC (LTP: 266) BUY


For today’s trade, long position can be initiated at Rs 264-266 for target of Rs 271 with a strict stop loss of Rs 262. Traders are advised

to avoid early morning whipsaw.


MGL (LTP: 1098 )BUY


For today’s trade, long position can be initiated at Rs 1094-1087 for target of Rs 1125 with a strict stop loss of Rs 1079. Traders are

advised to avoid early morning whipsaw.


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

 




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