Reliance Industries can perk up: P Phani Sekhar, Angel Broking

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views on Reliance Industries Ltd.

ET Now: What is the call on Reliance Industries?

P Phani Sekhar: From a valuation perspective, Reliance Industries looks good. The only negative in this stock was the exploration part. The initial tidings for the moment are good because one had almost lost hope that anything constructive would happen before 2014.

However, the permissions to undertake more capex and more drilling is certainly good news. Although the tangible results of the same would be visible at least two years down the line but from a sentiment point of view, we would see some perk up.