Moneycontrol
Oct 17, 2016 12:41 PM IST | Source: CNBC-TV18

Buy Reliance Industries, Jain Irrigation, UPL: Rahul Shah

Rahul Shah of Motilal Oswal recommends buying Reliance Industries, Jain Irrigation and UPL.

Rahul Shah of Motilal Oswal told CNBC-TV18, "ICICI Bank has done a good job. Energy sector is looking very strong and the top pick I think is Reliance Industries. I think that stock looks quite attractive and it is in my buy list. So, I would buy Reliance Futures with a stop loss of Rs 1,060 and target of Rs 1,130."

"Jain Irrigation Systems is showing good strength. One can buy with longs created in futures segment, the risk to reward looks quite convincingly in the stock. So, I would buy Jain Irrigation with a stop loss of Rs 92 and target of Rs 100," he said.

"UPL is again hitting closer to 52-week high. The stock has done quite well in couple of series and longs have created in the future segment as well. So, I feel technically also the stock has given break out. So, I feel with a stop loss of Rs 660 and a target of Rs 730 one should go long on UPL."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

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