SENSEX NIFTY
SLIDESHOW

Money spinners: 11 stocks you can buy when market corrects

Sat, Sep 14, 2013 at 11:56

| Source: Moneycontrol.com
Share   .   Email   .   Print      

Reliance Industries

Target price: Rs 1,010

Rationale: In case of the upstream exploration business, RIL has got the nod for further investments in exploration at the Krishna-Godavari basin, which augurs well for the company and could address the issue of falling gas output.

Further, the CCEA has approved a new gas pricing formula, which increases the price of gas to $8.4/mmbtu from $4.2/mmbtu and augurs well for the company. This could provide further upside to the company’s earnings.

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.