Stock analysts have recommended a ‘Buy’ on RNRL with an intraday price target between Rs 183-187, as against current market price of Rs 183.40.

The stock has seen a decent rise in recent trading sessions. It has a potential to rise to the target price as the company has good growth prospects considering its projects under implementation and aggressive growth plans.

Day traders can purchase the stock around Rs 178, with a stop loss at Rs 174. Traders can surely reap good returns today.

Today, it opened at Rs 181 as compared to its Friday’s closure at Rs 177.85. It has seen a 52-week high of Rs 203 and low of Rs 19.50 on Bombay Stock Exchange. The stock is expected to move up on the back of huge volumes, and offer decent gains in today’s session. The current PE is 576.73.

Cairn India, ONGC and GAIL are some other brilliant options, from the same segment, for intraday dealings today.

From the last 5-6 days, the oil drilling and exploration sector has been performing well. There are great chances of an upside potential in all these stock today. Don’t miss the chance and make your profit.