Reliance looks weak: Vijay

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Experts cheer RIL's Q2 numbers, see further upside RIL's net profit of US$ 1.75 bn, increase of 10% RIL Q2 net profit up 7.4% at Rs 4122 cr Reliance Industries strikes 52-week low Reliance Industries may slip to Rs 1000: Gujral ALSO READ See previous views by PN Vijay See what other Experts & Brokerages are saying about Reliance See messages about Reliance Reliance BSE | NSE 13/02/12 Are Mutual Funds betting on Reliance?

Portfolio Manager, PN Vijay is of the view that Reliance Industries is looking weak among all the pivotal.

Vijay told CNBC-TV18, "People were expecting soft numbers from Reliance because of the decrease in the refining margins globally and after Chennai Petroleum came up with such disastrous numbers, one was nervous. Reliance has managed something, which is sort of market expectations and slightly above market expectations. Having said that, I would say among all the pivotal Reliance looks the weakest. I would rather jump into FMCG major or L&T or even BHEL rather put more money into Reliance because one doesn't know how these margins are going to move in next six months."

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