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Sell Adani Enterprises, buy Reliance Defence: Sandeep Wagle

Sandeep Wagle of powermywealth.com suggests selling Adani Enterprises and advises buying Reliance Defence.

June 23, 2017 / 12:45 PM IST

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would go with a sell in Adani Enterprises, stop loss of Rs 130 and target of Rs 121."

"A buy in Reliance Defence with a stop loss at Rs 58 and target of Rs 66," he said.

At 12:16 hrs Reliance Defence and Engineering was quoting at Rs 60.70, up Rs 0.70, or 1.17 percent. It has touched an intraday high of Rs 62.85 and an intraday low of Rs 60.20.

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