Stock analyst E Mathew is of the view that investors should buy RNRL stock around Rs 187 to achieve short term target that lies between Rs 230-240.

Today, the stock opened positively at Rs 196 as against in previous closure at Rs 194.60 on BSE. The outlook appears positive, and presently (11:30 am), the stock is hovering near Rs 203.

For the said short-term target, keep a stop loss at Rs 180.

Mr. Gujral has suggested this stock after analyzing its brilliancy in the last few months. The investors can achieve this target within a period of 3-4 weeks. The stock has seen a 52 week high of Rs 204.80 on both BSE and NSE.

The company has posted a net profit of Rs 19.17 crore in its September quarter, and it will shortlt announce the results for its December quarter. The company has great expectations from its coming results. So don’t miss the chance and hold the stock to achieve the above target.

The other options for short term dealings from the same sector include ONGC, GAIL and Cairn India.