Profit booking seen in Rel Comm, Rel Cap: Tulsian

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Profit booking seen in Rel Comm, Rel Cap: Tulsian

Profit booking seen in Reliance Comm, Reliance Capital, says SP Tulsian, sptulsian.com.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Reliance Comm See messages about Reliance Comm

Profit booking seen in Reliance Comm , Reliance Capital , says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I don't think that earnings will really be a kicker for all ADAG stocks. Because the two stocks, I am not too worried for Reliance Infra because this will be a flat kind of performance expected from the company, but one has to keep a close watch on Reliance Capital and Reliance Communication."

He further added, "I don't think that again Reliance Communication will really cheer the market, but Reliance Capital in their finance and investment portfolio where they have a strong presence - the capital employed is to the extent of Rs 6000-6500 crore if they don't show any improvement in the Q3 because for H1 their performance has been very bad. In fact it has been a flat kind of performance EBIT. So, probably the chances are that if you have the global positive cues probably the rally can continue, but I am keeping my cautious view that we may see the profit booking coming after the results having announced by all these 3 companies."