Buy Reliance Industries, ONGC: Abhishek Karande

Jan 14, 2014, 04.16 PM IST

Abhishek Karande of SBI Capital Securities is of the view that one may buy Reliance Industries and Oil and Natural Gas Corporation.

Tags Abhishek Karande, SBI Capital Securities, Reliance Industries, Oil and Natural Gas Corporation

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Abhishek Karande of SBI Capital Securities is of the view that one may buy Reliance Industries and Oil and Natural Gas Corporation.

Like this story, share it with millions of investors on M3

Buy Reliance Industries, ONGC: Abhishek Karande

Abhishek Karande of SBI Capital Securities is of the view that one may buy Reliance Industries and Oil and Natural Gas Corporation.

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Abhishek Karande of SBI Capital Securities told CNBC-TV18, "I am looking to buy Reliance Industries as well as Oil and Natural Gas Corporation (ONGC). ONGC is at Rs 291, so one can buy at these levels, keep a stoploss of Rs 280-278 and take a target of Rs 320."

On January 14, 2013 Reliance Industries ended at Rs 881.10, up Rs 2.10, or 0.24 percent.

The share touched its 52-week high Rs 954.80 and 52-week low Rs 765 on 21 January, 2013 and 28 August, 2013, respectively.

Disclosure: He might have recommended the stocks to his clients as a part of their holdings.

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