Reliance Ind Shares Risen Up : 5 Month High

Reliance Industries shares were among the top gainers on the Nifty index Thursday as a report by global brokerage Goldman Sachs said it can potentially become a $100 billion stock in four years. Reliance, the most valuable Indian firm in terms of market capitalisation, is currently valued at around $47 billion.

The stock traded 2.6 per cent higher at Rs 820.40 on the NSE to hit a 5-month high.

The BSE Sensex and the Nifty index bounced back from the day's low on the back of the outperformance in the stock.

Goldman said Reliance needs to get government approvals on investments and gas prices, restrict its focus to core businesses, and return some of its surplus cash in the form of dividends or buybacks, among other measures.

Reliance's underperformance over the last 18 months has cast a shadow over Indian equity markets. That's because the stock carries a substantial weightage on both the Sensex and Nifty indices. The stock, once a favourite with foreign funds, has seen a slump in investor interest as profits shrunk amid a slowdown in its core energy business and recent forays into consumer-focused segments such as telecom and retail have yet to garner profits.

SOURCE : Profit.ndtv.com

Best Stcoks To Buy - Share Trading Recommednations

For last few sessions commodity stocks are in nice uptrends. Stocks like Sesa Goa and Sterlite are coming out of big bear markets and on all declines they should be bought. 

Sesa Goa can easily correct back towards Rs 200 but once we get past Rs 240, you will easily see Rs 280-290 coming in on Sesa Goa. Similarly on Sterlite, Rs 145-150 is likely. 

Metals will do well on days when global markets do well and chances are that this uptrend will continue for a bit. Tata Steel could easily get up to levels of Rs 500. The first bit of rally is over. Now the next decline will offer that opportunity to get in. So maybe if Tata Steel comes back to something like Rs 420-430, out there you will tend to get back into Tata Steel. The first big rally and then a small decline would lead to the opportunity where you can get back in.

Cement Stocks Are Bearish - Sell Ambuja Cement, ACC, & Ultratech

All cement companies like Ambuja Cements, ACC and Ultratech are now making intermediate bearish patterns that suggest us that the bull market that they were going through is going to see a deep correction. So no matter what the fundamentals, I think this is a time to sell them or even go short in them. However this is not a time to buy. All of these stocks should be available at lower levels irrespective of what the broad market does.