Buy RIL; target of Rs 836: Vayalar

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that one can buy Reliance Industries with a target of Rs 836 and ICICI Bank can go upto Rs 1120.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
Real-time Stock quotes, portfolio, LIVE TV and more.
GeStepAhead Travelcafe SME Special
moneycontrol.com

Home » News » Stocks Views

Mar 04, 2013, 01.34 PM | Source: CNBC-TV18

Buy RIL; target of Rs 836: Vayalar

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that one can buy Reliance Industries with a target of Rs 836 and ICICI Bank can go upto Rs 1120.

Like this story, share it with millions of investors on M3

Buy RIL; target of Rs 836: Vayalar

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that one can buy Reliance Industries with a target of Rs 836 and ICICI Bank can go upto Rs 1120.

Post Your Comments

Share Cancel

Manoj Murlidharan (more)

Head- Derivatives, Religare Securities | Capital Expertise: F&O

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that one can buy Reliance Industries with a target of Rs 836 and ICICI Bank can go upto Rs 1120.

Vayalar told CNBC-TV18, “I feel Reliance Industries (RIL) is good. We can go and buy that. The reason why I am saying this is weighted average price for this stock works excellent Rs 798 to Rs 800 is the weighted average price of the accumulation. If you check the last seven-eight months and we feel that is more or less at that level of Rs 813, we can go to and buy that, keep a stop loss at Rs 804 and Rs 836 is the first target we are seeing on that.”

He further added, “Second would be ICICI Bank . I feel that is one scrip where the distribution has not happened on the cash side though after the stock has corrected some 7-8 percent, we are seeing shorts in the derivative side but that cash distribution has not happened. So once we see a short covering, we will see the surplus getting added on the cash market. That is a long on our side as well, Rs 1,068 is what it is trading at. Stop loss of Rs 1,048 and Rs 1,120 is what we are expecting on ICICI Bank.”

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy RIL; target of Rs 836: Vayalar

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login