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Reliance Securities Market Lens (13 Dec 17)

Reliance Securities | 13 Dec, 2017  | Follow Author | Add to my Favourites 
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ABB India was among the earliest players to tap solar opportunity in India via range of solar inverters (50% market share) and power evacuation solutions.


Valuing at 50x CY18E (15% discount to its mean multiple of 60x (2005-15) earnings of Rs32.1/share, we have BUY recommendation with a Target Price of Rs 1,607.


Positional Pick


LUPIN (LTP: 847) BUY

For today’s trade, long position can be initiated at 835-840 for target  of Rs 903 with a strict stop loss of Rs 812.


Intraday Picks

ITC (LTP: 261)BUY


For today’s trade, long position can be initiated at Rs 259-260 for target of Rs 267 with a strict stop loss of Rs 257. Traders are advised to avoid early morning whipsaw.


M&MFIN (LTP: 458) SELL


For today’s trade, short position can be initiated at Rs 464-466 for target of Rs 451 with a strict stop loss of Rs 470. Traders are advised to avoid early morning whipsaw.


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BSE
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NSE
261.70 -5.90
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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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