RIL up 13% in 1 month; How to trade stock now?

Index heavyweight Reliance Industries has outperformed markets in last 1 month. The stock is up 13% in last 1 month compared to benchmark index Nifty return of 1.4%.

The refining market dynamics are expected to be favorable at least for the next few months. Singapore Complex is currently at USD 9.5/bbl compared to Q3 average of USD 5.5/bbl.

What experts suggest?

Fundamental Call

Motilal Oswal, Chairman & Managing Director, Motilal Oswal Financial Services says, "On Reliance Industries the buying recommendation from our research is there and you all know that somewhere we are saying some changing in the fundamentals of the company. So at this level I would say it's a good bet to buy."

Sajiv Dhawan, of JV Capital Services says, "Reliance Industries is one stock which we have said to investors with a medium-term perspective you accumulate. It is easy to say with hindsight that from Rs 900 odd levels it has given you that 10% bounce back. BP news has obviously had its impact there and the stock is more or less exactly where it was after that news came but over a period of time I think it is one of the few stocks which will attract money over the next 1 year if FII money is to resume in a big way.