'Positive on RIL even after Goldman's rating'

In a chat with ET Now, Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd, talks about RIL's downgrade by Goldman.

A downgrade has come in for RIL from Goldman Sachs. Would you do the same?

No. I do not think so. It is an index heavyweight and it will also be reflected in terms of how the markets will behave on the next 12 months. The company has strong cash flows and they can have unexpected surprises also coming in, so from that perspective, I would not go with the sell argument on this company at this stage.