Moneycontrol
DstreetVetran
Silver Member

357 Messages

RECLTD has a strong support at 112.5 levels. though it`s weak, but that`s the price to look at. As the that NGS will get worse from here. The whole market is on a verge of sinking keeping in the mind the coming political turmoil in India with several state and general elections.. RECLTD has nothing wrong in its business, it`s the entire power.sector which is facing challenges. All depends on the execution of saubuagya schemes and power sector growth. I will suggest a 40% buy at 112.50 and keep rest to cover up if it falls below that. book value and dividend is motivating and thus money invested at this level is fairly safe provides your horizon is for at least three years. Be an investor and say no to trading..All the best.

12.38 AM May 18th
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