Mar 16, 2017 04:03 PM IST | Source: CNBC-TV18

Hold Reliance Industries, says Rajat Bose

According to Rajat Bose of rajatkbose.com, one may hold Reliance Industries.

Rajat Bose of rajatkbose.com told CNBC-TV18, "In Reliance Industries one has to put a trailing stoploss at Rs 1,250 and carry on because long back, say eight or nine years back, when Reliance Industries was above this level, at that time it went up to Rs 1,550-1,600. I am talking about adjusted prices, at that time it was Rs 3,100-3,300, so there is every reason to carry on with Reliance and Rs 1,250 trailing stoploss would be a very good proposition."

"I would like to make it very clear that I am an investor in Reliance and I am not going to sell my Reliance short or medium term, I am holding it for the longer term because I feel even the highest high that was recorded is eight or nine years back would be taken out going forward," he added.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

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