Friday, August 05, 2016
1. Buy Adani Enterprise Ltd at Rs.76.50, for a short term target of Rs.81. If Adani Port and Sez Ltd (Rs.231) is a beneficiary of GST, then its effects should also come to Adani Enterprise Ltd (Rs.76.50). The scrip seems to have formed a bottom.
2. Those who are holding Reliance Communications Ltd (Rs.50.35), can continue to hold the same with a SL of Rs.46. The company should gain from the launch of Reliance Jio, but the problem is that there is no fresh news regarding its merger with Aircel, which is actually spooking the shareholders.
3. The share of Reliance Infrastructure Ltd (Rs.593) have made Rs.596.25, intra-day. As long as Rs.572, is not broken on the downside, the traders can continue to hold the shares with a short term target of Rs.605.
4. Reliance Defence and Engineering Ltd should should gain due to lower logistic costs and lower cost of building materials like Steel and Cement, due to GST effect. One should add the scrip on all declines for a short term target of Rs.73.