Invest in Reliance Petroleum closer to Rs 66: G Shah

Gaurang Shah of Geojit Financial Services is of the view that one can invest in Reliance Petroleum closer to Rs 66.
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Dec 11, 2008, 01.46 PM | Source: CNBC-TV18

Invest in Reliance Petroleum closer to Rs 66: G Shah

Gaurang Shah of Geojit Financial Services is of the view that one can invest in Reliance Petroleum closer to Rs 66.

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Invest in Reliance Petroleum closer to Rs 66: G Shah

Gaurang Shah of Geojit Financial Services is of the view that one can invest in Reliance Petroleum closer to Rs 66.

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Gaurang Shah, ., Geojit Financial Services
Gaurang Shah of Geojit Financial Services is of the view that one can invest in Reliance Petroleum closer to Rs 66.

Shah told CNBC-TV18, "The entire media segment that had to unfold as far as DTH (Direct To Home) is concerned is not unfolded so well and there is going to be immense amount of competition coming in with two larger players Bharti and Reliance. I think both these players would have some kind of tough competition as far as margin is concerned and of course the process of it unfolding like I was mentioning has not taken place. So a lot will depend upon what is going to be the government policy as far as direct to home is concerned and I guess that is going to be a big hurdle. So I would suggest to invest companies like Power Grid or maybe Reliance Petroleum closer to Rs 66 kind of levels would be better. NTPC at lower levels would be better. But I would not recommend a direct to home company as an investment model."

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Invest in Reliance Petroleum closer to Rs 66: G Shah

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