Hold Reliance Industries

Published on Thu, Oct 26, 2006 at 19:07 |  Source : Moneycontrol.com

Updated at Thu, Oct 26, 2006 at 19:13  

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Investment Advisor, PN Vijay is of the view that one can hold Reliance Industries .

Vijay told CNBC-TV18, "I think the accident sort of factored in; Reliance Industries is saying it is not affecting their performance much. I am sure they have covered insurance in a big way, these big companies always do, so that's got sort of discounted. It was a bit weak and otherwise firm market. I was pleasantly surprised that the petrochemical margins stood up because market was worried about the falling refining margins. So, at this level, I would say this stock is a hold and as their retail plant unfold who knows one might get few more triggers from this company."

  

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