Rajesh Agarwal, Head of Research at Eastern Financiers told CNBC-TV18, "At current levels Reliance Industries is quite attractive considering the fact that in the AGM it was announced that they are planning to invest around Rs 1.5 lakh crore in the next three years. Petchem capacity is going to be increased. They are debt free on a net basis. Even the retail business has crossed the Rs 10,000 crore mark and they are expecting a 50 percent jump in that. And not to forget their telecom foray and things are going to improve in the near future for Reliance."
He further added, “If one is ready to hold for a period of 9-12 months I won't be surprised if he/she gets a price of around Rs 950. It is not only a hold, but for a new investor also it is a good time to buy."
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