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RPL has major upside: A Dalal
Amit Dalal of Amit Nalin Securities is of the view that one can see major positive upside on Reliance Petroleum coming in next couple of months. He also suggests not to stay away from the stocks on any fall.
Amit Dalal of Amit Nalin Securities is of the view that one can see major positive upside on Reliance Petroleum coming in next couple of months.
Dalal told CNBC-TV18, "Reliance Petroleum Ltd. (RPL) is going to start productions soon, so there is a major positive upside on this stock coming in next couple of months. An increase to oil prices to such a large magnitude and its impact on refining margins I don't know what that will be. That is something we will only know in time till now refining margins are only gone up on the positive correlation to the price of oil. So once RPL starts production I think the market will see it positively. So any big fall in RPL, I don't think one should stay away from the stock, I remain positive on RPL."
Disclosure: It is safe to assume that analyst and his clients may have an interest in the stocks/sectors discussed.
