Buy Reliance Capital with a target at Rs 418: Hemen Kapadia

Hemen Kapadia of KRChoksey Securities is positive on Reliance Capital. The expert believes the stock can touch Rs 418 in trade on Tuesday. Kapadia has advised investors to buy the stock, keeping stop loss at Rs 406. The stock has gained over 11 per cent in the past one month. By 12 PM, the scrip was trading around 2 per cent higher at Rs 410 level. The stock breached its 100-day moving average in April. It is now trading above most of its important moving averages.