As per technical charts, Reliance Natural Resources can be purchased around Rs 174 with a strict stop loss of Rs 171 to achieve an intraday target between Rs 178-180.

At National Stock Exchange, the stock of the company has touched 52-week high of Rs 198 and a low of Rs 19. The stock has also achieved an intraday high of Rs 175 and a low of Rs 165.

The activity of the company is to source, supply and the transportation of gas, coal and liquid fuels. It also involved in the exploration, production and distribution of gas and the mining of coal.

Based on current results, the stock of the company is trading at a P/E of 544 and offers an earning per share of 0.32.

The outlook of the company is looking tough. The stock of the company surely attains its new yearly high in the coming weeks.

As per profit and loss account, the company has registered a net profit of Rs 29 crore for year ending March 2007 and Rs 19 crore for quarter ending September 2007.

The other stocks of the company which are playing well at ground include ONGC, GAIL, Cairn India and Aban Offshore.