Siddharth Bhamre's view on RIL

Bhamre told CNBC-TV18, "We mildly bullish on Reliance Industries. We believe that it’s a range bound stock; Rs 700-690 on the lower side, Rs 750 max Rs 760 on the higher side and we believe stock might trade in a very narrow range for sometime. So around Rs 715-720 if you buy current month Futures of Reliance and sell Rs 740 Call Options for Rs 7-8 I think this covered call writing in next 4 to 5 trading sessions would lead to some decent profit and the risk taken on this counter is also far low because the range bound moment we are seeing. So we would go a bit mildly bullish before the results in the heavyweight."

The company's trailing 12-month (TTM) EPS was at Rs 61.26 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 11.85. The latest book value of the company is Rs 498.21 per share. At current value, the price-to-book value of the company was 1.46. The dividend yield of the company was 1.17%.