Bullish on Reliance Capital: G Chokkalingam, Centrum Wealth Management

G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management


We believe a base case is that you are optimistic on the markets from a valuation perspective, you recommended a few stocks in the pharma space to your clients as well. If you were to nail it down to one top recommendation that you would buy for yourself or for your clients from a one year perspective which one would it be?

Reliance Capital, the stock has been battered more than 80% in the last two and a half years and available at a book value of 0.6 and it is in the every gamut of financial sector except the bank which India has been seeing a robust growth. More than that the valuation of Life Insurance business and asset management company are at around Rs 17,000 crore whereas the market cap of Reliance Capital is around Rs 7,500 crore. I firmly believe that every client should have at least 5% of the portfolio in Reliance Capital.