Reliance continues to be under valued: Paras Adenwala, Capital Portfolio Advisors

In a chat ET Now, Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, gives his views on Reliance Industries.

ET Now: What is your call on RIL?

Paras Adenwala: The problems in KG D6 and some inconvenience that we notice between Reliance and the government that seems to be sobering off and those problems are gradually getting addressed. These were the reasons besides softening of GRMs which really impacted Reliance. So, Reliance was under valued at 700 bucks and it continues to be under valued. So these are definitely good pieces of news and as these things really start impacting the results, you will see further improvement happening in the Reliance stock price as well.