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Vijay positive on Reliance Industries
Investment Advisor, PN Vijay is positive on the Reliance Industries. It is one of the strongest stocks in the index as of now and one should keep buying for short-term and long-term because their margins are very good and there are distinct signs of corporate activity in terms of mergers and unlocking of value.
Vijay told CNBC-TV18, We have been very positive on the Reliance for several reasons and I would say that even at Rs 3,060-Rs 3,070 or so one should keep buying that stock both for the short-term and long-term. Because there their margins are very good and there are distinct signs of corporate activity in terms of mergers and unlocking of value. So all in all and of course Reliance is a favourite with the retail investors, so I would say its one of the strongest stocks in the index as of now."
