Buy Reliance Industries 860 Call at around Rs 15. Keep a stop loss of Rs 10 and hope to sell it around Rs 25, says VK Sharma, HDFC Securities.
Buy Reliance Industries 860 Call at around Rs 15, says VK Sharma, HDFC Securities.
Sharma told CNBC-TV18, "Reliance Industries did well on Friday, you saw open interest being added and stock price went up by almost 3 percent. I suggest buying the 860 Call, which was available around Rs 18, and I am suggesting that investor can buy it around Rs 15 if it comes down, keep a stop loss of Rs 10 and hope to sell it around Rs 25 and making Rs 10 in the process. There is good resistance around Rs 880 levels."
The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 13.75. The latest book value of the company is Rs 503.55 per share. At current value, the price-to-book value of the company was 1.67. The dividend yield of the company was 1.01%.