Reliance Industries Ltd CA - 1440 Dec - Buy
At - 30.40
Tgt - 34.50, 39.20,45.50
SL - 25.20
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Archies Ltd - Hold
The stock has declined with the markets. There has been an 18 per cent increase in eps and a 19 per cent growth in topline. Hold with a short term target of 45 and one-year target of 55.The long term charts are positive but the minor and intermediate trend is jittery. Hold with a stop loss of 35 and a target of 60.
Sarda Energy & Minerals Ltd - Buy
Shares of the company gained Rs 8.95, or 2.95%, to settle at Rs 311.90. It touched a high of Rs 314.50 and a low of Rs 303.60. The company was granted consent of Chhattisgarh Environment Conservation Board to operate 3rd FBC Boiler installed at the company`s Captive Power Plant to generate additional 20 MW power. At present it is a falling knife and unless the wild moves stabilize, it would be too risky to buy this stock. The stock has a book value of about 165 and a P/E of about 12.
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