Buy RIL in Rs 875-900 range: Kulkarni

Buy Reliance Industries (RIL) in Rs 875-900 range, says Shardul Kulkarni from Angel Broking.

Kulkarni told CNBC-TV18, "It is very difficult to say whether RIL has bottomed out or not but if you have to allocate a particular amount then 25% of that amount should already be into this stock at the current price. Because if one looks at it from an investment perspective, I think RIL offers a very good price between the range of Rs 875-900, that is the range in which ideally you should be buying RIL, at least you should start buying RIL at that price." He further added, "Looking at it from an investment perspective, I would say it is definitely time to enter into this stock. But if you are a trader and you are looking for just around 2-3% on the upside then you should rather wait and watch the stock for the next few trading sessions." Disclosure: It is safe to assume that we may have the above stock in our portfolios and we have recommended them to our clients.