Buy Reliance Industries: Salil Sharma

Salil Sharma of Kapoor Sharma and Company advises to buy Reliance Industries.

Sharma told CNBC-Awaaz, "Investors should buy Reliance Industries with a stoploss of Rs 782. The stock is looking strong on chart. If it crosses Rs 810 then we can see level of Rs 850 in future."
The company's trailing 12-month (TTM) EPS was at Rs 64.43 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 12.37. The latest book value of the company is Rs 446.11 per share. At current value, the price-to-book value of the company was 1.79. The dividend yield of the company was 1%.