Sarvendra Srivastava, CMT & Head Technical Research, Phisense.com recommends a buy rating on Reliance Industries with a target price of Rs 995 and a strict stop loss placed at Rs 968.40. The stock is trading with a P/E of 11.21 and P/B of 1.32. The stock has lost 4 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.Reliance Industries is a low beta stock (0.58) and is trading well below its 50-day and 100-day moving averages of Rs 989.21 and Rs 991.41, but above its 200-day moving average of Rs 962.62, as per data collated by ETMarkets.com.

Source: Economic Times June 14, 2016 08:11 UTC