Short & Long term target for RIIL & Shree Cements

Query: I hold 10 shares of Shree Cements @ Rs.1350 and 10 shares of RIIL@ Rs.1790. Please let me know the targets of in these scrips for short and long term? Ayush

Thebullishtrends: RIIL share price closed today at Rs.2271.40(-5%). Technically RIIL share price is falling down since last 3 sessions it will get support at Rs.1800 level. RIIL is a part of Mukesh Ambani group involves in Infrastrutucre projects. Market sources are expecting that RIIL will get the expansion projects of RIL very soon. RIIL is the most speculative stock. Bulls are expecting Rs.4000 level for this stock but it will not possible till executes the larger projects. We advised you to hold this scrip for long term prospects though it is not having sound financials

Shree Cements share price closed today at Rs.1275(-2.77%). Shree cements posted more than expected results sales up 43% y on y basis OP were also rose by 50% for the Q3,even it compared to Q2 sales turnover increased from Rs.466.39 crore to 523.57 crore, Operating profit Rs.201.53 crore to Rs.223.71 crore. In this quarter the company has made a one time provision of Depreciation of Rs.187.49 crore for grinding plant so that net profit has been shown as Rs.33.47 crore only.If company continues the same tempo EPS for 08-09 will be around Rs.150 we are expecting. Shree Cements will have a bright future you can hold this scrip for one year time frame. There will be a possible target of Rs.1600 in long term.