Hold Reliance Industries: Seshadri Bharathan

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd. in a chat with ET Now talks about Reliance Industries.

Reliance Industries, what is your view?

My view is that one should hold on to the stock and at lower levels should buy the stock because sense is that FY12 the company would report EPS of around Rs.88 and historically we have seen this stock trades at 16 multiple so my sense is that stock should cross around Rs.1200 if you hold it for more than a years’ time.