Buy Reliance, SBI shares; they're expected to bounce back: Merani

Market veteran Nooresh Merani advised investors to buy shares of Reliance Industries (RIL) and SBI, as the stocks are expected to bounce back from their current price dip. For RIL, Merani kept a target price of ₹1,340, implying an upside of 5.7% from previous close. For SBI, he kept a target price of ₹850, 5.7% higher than its previous close.