Do not expect RIL to give you great returns in short term: UR Bhat

In a chat with ET Now, UR Bhat, MD, Dalton Capital Advisors, shares his stock ideas.

What is your take on Reliance?

In the short term at least, it is based on news flow. And the news flow coming out of their gas output and stuff like that has not been very good. So in the short term, it would really be guided by this and it probably trade around these levels or a bit lower, but sometime there would be announcement of oil find or them fixing the problems they have with the gas prospecting. Issues like that can take RIL up but otherwise in the short run, I do not think you can expect this to give you great positive returns.