See 50% upside in Reliance Industries: Phani Sekhar

Phani Sekhar of Angel Broking told CNBC-TV18, "In Reliance Industries I can safely say that if you just ignore the rally that you have seen over the last six-seven days you can still go out and buy it. This is a stock that has underperformed for the last four years. Even the KG-D6 production has bottomed out, the refining and the other petrochemical segment cannot go worse from here.”

“I guess with gas price set to be revised from April 1, a lot of positives are happening and in the next two years or so one can look at least a 50 percent upside in this stock even from these levels,” he added.