Stock Tips

Buy GULF Oil

Entry: 90.Rs

Target: 200-300.Rs

Duration: 1 Year

Buy GULF Oil for 1-2 year investment Horizon.

Good Dividend:

Gulf Oil Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on May 14, 2010, inter alia, has recommended payment of Dividend Rs. 1.80 per share @ 90% for the year 2009-10, subject to the approval of shareholders at Annual General Meeting.

Subsidiary Listing:

Gulf Oil Corporation’s Saudi Arabian unit plans to raise as much as $1 billion selling shares in the Saudi stock exchange at the end of the year.

Reliance Money has initiated a Buy call on DLF on technical basis.

Reliance Money has advised traders to buy DLF for target of Rs 312-322.

“DLF has been sustaining at higher levels after giving a breakout from a double-bottom pattern formed on the daily chart. It has also observed an upside breakout from an inverted head-and-shoulder pattern on the daily RSI, thus adding to our bullish outlook on the stock price.

Traders can initiate long positions in the stock in the range of Rs 289-284 with stoploss of Rs 274 and a target of Rs 312-322,” the report said,” the report said.