Market Pearl

Reliance Industries Buy for Tomorrow The stock is underperforming due to overhang of allegations. It is attractively priced at 4.5 time of FYRs.13 PE. The firm has received recent renewal of distribution licence in Mumbai for 25 years. It has got permission to hike tariffs in Delhi by 22% . Buy with a target of Rs. 723. Ril Buy at CMP for the target of 900 & 911.50 with SL - 885.00 Bharti Aritel The stock tried to breach its support levels in today's trading session, one could hold the short positions in the stock till it crosses the level of 497 in upside as it is expected to move till the levels of 378-375 in near term.

Buy SBI @ 1907.10 for Target of 1921.05 & 1935.45 With SL - 11890.00 All negatives with regard to hefty provsioning, low capital adequacy and saving a/c de-regulation are built in the prices. Going forward, the provisioning will come down and bank may report healthy bottom line. The Centre has plans to infuse required capital very soon No negative surprises expect now. The bank is tightening belt to stop slippages and improve recovery mechanism by again shifting recovery onus to branches. Buy with 1 year target of Rs. 2800.

TCS(BSE) - Buy at - 1182.05 Tgt - 1190.15, 1204.55, 1222.40 SL - 1168.15 Reliance Industries - buy for Target 988- 996.50 ( 1 week/ Short Term ) Sl - 942