Buy Reliance Petroleum at current market price of Rs.175 for short term target of Rs.210.

Reliance Petroleum Ltd has informed exchange that a meeting of Board of Directors of Reliance Petroleum Ltd company will be held 16^th of October 2007 to consider , the disclosures as required under clause 41 and 43 of the listing contract for the last ended quarter. Currently company is growing up and its market price will also touch new peak.

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Bombay Stock Exchange (BSE) after increasing more than 2,000 points within last two weeks, it took break through early trade on Monday. During mid day trade, key index was touching at 17,563.73 with loss of 1.18 percent means 209.63 points, among heavy selling pressure in mid cap stocks metals and pharmaceuticals sectors.

23 company’s shares out of 30 were red during trading. But after the declaration of news of export sops by the finance ministry IT shares got gain. IT index like Infosys and Tata Consultancy jumped by 1.41 percent and 1.32 percent respectively.

Among the fear of down some companies which got lead were HDFC Bank, Satyam Computer, Tata Consultancy, Housing Development Finance Corp (HDFC), Infosys and Bharat Heavy Electricals.

Tata Steel, Associated Cement Companies (ACC), National Thermal Power Corporation (NTPC) and Dr. Reddy’s along with Reliance Energy were the today’s biggest loser. Dr. Reddy’s Laboratories will replace by DLF on the index in coming month.