Buy Reliance Industries, Jain Irrigation, UPL: Rahul Shah

Rahul Shah of Motilal Oswal recommends buying Reliance Industries, Jain Irrigation and UPL.
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Oct 17, 2016, 12.41 PM | Source: CNBC-TV18

Buy Reliance Industries, Jain Irrigation, UPL: Rahul Shah

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

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Buy Reliance Industries, Jain Irrigation, UPL: Rahul Shah

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

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, Motilal Oswal Financial Services |

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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Buy Reliance Industries, Jain Irrigation, UPL: Rahul Shah

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