Reliance Industries continue to do reasonably fine: Amisha Vora

In a chat with Amisha Vora, Joint MD, Prabhudas Lilladher, shares her views on RIL.

ET Now: Reliance Industries at 1030. Do you think is it decisive breakout, would you be buying Reliance at this point?

Amisha Vora: Reliance Industries is one of the stocks where people have been underweight in both oil and gas sector on a very long term basis. For almost last three to five years, there would be portfolios where either Reliance was missing or it was big time underweight that will get corrected gradually.

People will start having that weightage in the or their presence in the portfolio mainly on two accounts. One, of course, is the gas price possibilities and upsides and second is the newer opportunities opening up both in oil and gas and other sectors which can give fillip to the stocks.

Will it be a part of our top pick? May not be but I feel that because of its huge underweight in portfolios, the stock will continue to do reasonably okay.