Reliance may outperform market: Ashu Madan

In a chat with ET Now, Ashu Madan, COO, Religare Securities, shares his views on Reliance Industries.

ET Now: What is your call on Reliance Industries?

Ashu Madan: People have been talking that this is a stock pickers market. I still do not believe that this is a stock picker markets. But to identify a sector and or a model portfolio in this kind of a market, is very difficult. Yes, Reliance is showing lot of strength. In the past four-five weeks, at every dip if somebody is not comfortable because every client or every trader is not comfortable trading into Nifty or index option.

I am only recommending Reliance. It is showing strength and the screen is showing the era of under performance is over. Going forward, probably Reliance will outperform the market.