Reliance Industries a trading bet: Sampriti Capital

Reliance Industries a trading bet, says Sandeep J Shah, CEO of Sampriti Capital.

Shah told CNBC-TV18, "Reliance could at least be a bit of a trading call here of course whatever has been affecting Reliance the most is that refining margins have been fairly low but higher crude prices should hopefully offset that but on the petrochemical side and on the polyester side is where Reliance should do a lot better given higher cotton prices and given the fact that demand remains fairly strong. So, Reliance could be a bit of a trading play from here." The company's trailing 12-month (TTM) EPS was at Rs 56.51 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 19.17. The latest book value of the company is Rs 392.28 per share. At current value, the price-to-book value of the company was 2.76. The dividend yield of the company was 0.65%.