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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."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
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Today's Special Column
with Kishore Biyani
Future Group and the MD of Pantaloon Retail (India) Limited , Group CEO


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