Friday, October 22, 2010

Buy Reliance Industries: Thacker

Buy Reliance Industries,


 "What we are seeing that after months of under performance, for the last couple of weeks Reliance Industries has come into favour, it has been out performing the markets. It remains in a good uptrend. I think days like yesterday when we get a pullback back to its moving averages could be good days to buy. So buy with a very tight stoploss of Rs 1033 which is only Rs 15 away and for price targets of Rs 1090."


The company's trailing 12-month (TTM) EPS was at Rs 53.24 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 19.70. The latest book value of the company is Rs 392.30 per share. At current value, the price-to-book value of the company was 2.67. The dividend yield of the company was 0.67%.

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