Amitabh Chakraborty of Religare Securities is extremely positive on Reliance Industries as well as Reliance Petroleum.

Chakraborty told CNBC-TV18, "We have covering on the oil marketing companies including Reliance. Friday we have seen that purely based on apprehension and speculation that government will ask all these companies to spare the burden as oil marketing companies are sharing and also the refining margin is Singapore has come down to some extent."

He further added, "But overall our view is that both Reliance Industries as well as Reliance Petroleum are fundamentally strong companies. In case of Reliance Petroleum their commissioning would be ahead of their schedule. So we are extremely positive on both the stocks."

Disclosure: Analyst personally does not hold any stocks in the companies discussed today but Religare clients might have positions in any or all these companies.