Be cautious on Reliance: Fayeza Hafizee

Fayeza Hafizee, Vice President, Institutional SalesIntime Spectrum Securities Ltd, in a chat with ET Now talks about Reliance Industries.

What is your take on Reliance Industries? You also do have news that their find in KG-D4 in terms of production capacity could be much bigger than the one in KG-D6. On that front, what kind of expectations do you have?

News on finds, etc, will take sometime to get played out and I do not think that we would want to react immediately to those factors. But having said that, Reliance is again one of those extremely high profile underperforms in the market. From that perspective, my view has always been that you can look at getting into it again with a low downside perspective. But the stock is going to take its time to perform. So you have got to be a little careful when you get into this counter but again, the downside is limited here.