Cautious on Reliance Capital: SP Tulsian

Tulsian told CNBC-TV18, “Ahead of the results definitely it warrants that you should take a cautious view especially two stocks that is Reliance Capital and Reliance Communication. Reliance Infra can really get supported by the results as well and the momentum may continue.”

He further added, “The main reason for the movement or with the kind of upside which we have been seeing is largely because of the high beta nature of all the stocks because there is nothing in case of the Reliance Power, We see swiftly the stock getting corrected again whenever we see a good upside happening in that stock so I will keep my positive stance purely from a beta angle or character of the stocks but yes we will keep a cautious view ahead of the result specially on the Reliance Capital if not on Reliance Communication.”