Stay invested in Reliance Industries: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I would recommend hold Reliance Industries because while the oil business continues to do well as we saw in the last quarter numbers, the GRMs were much better than was expected despite crude oil prices remaining low. I think the whole focus is now shifting to the telecom business."

She further added, "We hear talks where there is possibility that the company may move beyond its 4G operations plus there is talk of monetisation. I think all these things plus the valuations hold well for the stock. So definitely I would consider holding on Reliance. I think there are much better levels that are likely to be seen in the medium term."

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments and moneycontrol.com.