Independent Market Expert, Ambareesh Baliga told CNBC-TV18, "ADAG group has been an underperformer for quite a while. In Reliance Communications you saw the initial movement to levels of about Rs 135-140 and after that it corrected quite sharply. In Reliance Power also we saw levels of about Rs 110-115 and from there it corrected to about Rs 70."
He further added, "It is just ripe for the next move up, so something like RPower even at the current juncture I would still suggests a buy because overall the power sector I am quite bullish on if you are talking of the next two-three years because unless the power sector performs you really cannot have India performing. This is the best time to start accumulating especially those who are not invested in the market, this is a great contrarian bet, power overall."
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