Buy Reliance Capital on declines: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I would not recommend to wait for a correction if you want to get into Reliance Capital. One should spread out his/her portfolio to safer stocks like Hindustan Copper, or Jindal Steel, or maybe a BHEL which will be much safer in the longer term perspective. Of course one can also buy Reliance Capital; I think the stock should do good, but again at these levels, 100-200 points from the Nifty we can move anytime. So, I would wait for a correction if I have to get into a longer term investment."

Reliance Capital ended at Rs 659.15, up Rs 3.50, or 0.53 percent on the BSE.