Stock Market Analyst VK Sharma has suggested day traders to buy Bongaigaon Refinery around Rs 104 for a target of Rs 106 and 108. For trading, please keep a strict stop loss of Rs 102 for this stock.

The stock has been up in recent trading sessions on merger news. Bongaigaon Refinery has touched a 52-week high of Rs 117 on NSE.

The stock is trading at a P/E multiple of 8.2 with an EPS of Rs 12.

This recommendation is for day trading only. Investors looking for long term investment should try some other stocks from this sector. Chennai Petro is a good stock at current prices.