Hold Reliance Industries, says Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "In Reliance Industries one should wait a bit along with the rest of the market, market has recovered but Reliance is also expected to recover. However, for safety sake one can keep a stoploss of Rs 1,005.""The stock looks set for a bounce, I have a feeling that we could be heading towards Rs 1,045 in the near future and if it sustains above that even more, so hold with a stoploss of Rs 1,005," he added.The share touched its 52-week high Rs 1,089.50 and 52-week low Rs 796.75 on 15 January, 2016 and 30 March, 2015, respectively.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.