Sep 06, 2013, 05.32 PM | Source: CNBC-TV18
Mayuresh Joshi, VP Institution of Angel Broking recommends holding Reliance Industries for the next 2-3 years as the stock can reap excellent dividends.
Mayuresh Joshi (more)
Fund Manager - PMS, Angel Broking | Capital Expertise: Equity - Fundamental
"One should keep a longish horizon view on this stock because incrementally one is hearing about the cap being put on pricing of the incremental gas production from Reliance fields. So, once the clarity comes in the next 2-3 months that would provide further inputs to the stock if it is agreed to be priced at the normal price on April 2014 onwards. The satellite fields incremental production will start happening from 2015 and that will give a huge plus-plus with the declining trend that we have seen from Reliance's gas bases," he said.
"I think it is a very stable stock but on declines maybe close to that 780-800 mark if the markets decline and Reliance comes around those levels that becomes a good averaging price. One should hold on to the stock for the next 2-3 years. The stock can reap excellent dividends over that time frame."
Buy Reliance Industries, Siemens: Sameet Chavan
Sameet Chavan of Angel Broking is of the view that
Buy Reliance Industries, Exide may hit Rs 132: Rajat Bose
Rajat Bose of rajatkbose.com recommends buying Rel
Optimistic on Reliance Industries: Mayuresh Joshi
Mayuresh Joshi of Angel Broking is optimistic on R
Reliance Industries may go above Rs 1100: Jai Bala
Jai Bala of Cashthechaos.com feels that Reliance I
Reliance Industries may hit Rs 1040, says Bhavin Desai
Bhavin Desai of Motilal Oswal Securities is of the
Downside risk to earnings still not over, overweight on IT: CLSA
Nandurkar feels downside risk to earnings is still
Hold Supreme Ind; target of Rs 768: GEOJIT BNP PARIBAS
GEOJIT BNP PARIBAS has recommended hold rating on
Accumulate Aurobindo Pharma, advises Mayuresh Joshi
Mayuresh Joshi of Angel Broking is of the view tha