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6 May 2009

Time to Book Profit from Reliance Industries


Nomura japan rating firm has down graded Reliance stock from Buy to Neutral as it considers that present rally in its price is catering for the stock price. Morevover it has given its final target for stock as Rs 1725 which has been considerably crosse.

2. All the factors which have led to its sharp rally in the stock has been considered and thus one can use the opportunity to book profits in the stock as better entry prices are likely to be achieved.

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