Exit Reliance Industries, says Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "Reliance Industries (RIL) being a non-performer in the last five-six years overall in a market, trading in the range between Rs 800 and Rs 1000. So definitely I would suggest to switch and get out of the stock and get into some momentum stocks and some of the value buying in terms of fundamentals as well as technical would be something like Tata Chemicals, Voltas or Ashok Leyland.  I don't see any momentum building up in RIL in the near future also." The share touched its 52-week high Rs 1,067 and 52-week low Rs 796.75 on 23 July, 2015 and 30 March, 2015, respectively.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.