Investors can purchase Reliance Petroleum stock for intraday dealings today. It is a productive & standard stock, which will surely left investors with good returns.

It is better for investors to purchase the stock around Rs 218-219, with a stop loss at Rs 222. The stock has an intraday target between Rs 227-230.

Today, the stock opened at Rs 225 on BSE, as compared to its yesterday’s closure at Rs 223.85. On the other hand, the stock opened at Rs 226 as against its last closure at Rs 223.90 on NSE. It has seen a 52-week high of Rs 295 on Bombay Stock Exchange. At present (10:33 am) RPL is trading positively on both BSE and NSE.

Reliance Petroleum is fundamentally very strong. The company with the huge expansion plans and capital expenditure is rising speedily. It has big client list and its strong network is likely to develop exponentially year over year providing plentiful scope for investments.

Other refinery stocks that will zoom today include BPCL, HPCL and MRPL. HPCL and MRPL are also good stocks for short-term as they were performing superbly since last 2-3 weeks. Investors need not to worry if the refinery sector will decline in the future. So buy the stock and make your profit.