Pick RIL for long term: PN Vijay

Portfolio Manager, PN Vijay is of the view that one can pick up Reliance Industries with a 6 month perspective.

Vijay told CNBC-TV18, "We have Reliance in all our portfolios, it has taken a very severe hit and it’s a stock that follows or precedes the market. At Rs 2,000 the market’s practically discounted many things and the positive for them of course is the big oil find, which is going to get commercialized in the next one year in the KG Basin and the retail rollout plan as it figures out. So a lot of good things there but right now it is such an index stock that it will track the index but people who are having a 6 month time span it's one of the best old economy stocks to pick."