RIL doesn't excite me: Sandeep J Shah, Sampriti Capital

Sandeep J Shah, CEO, Sampriti Capital, in an chat with ET Now, gives his views on RIL


What is the call on RIL like we were discussing it is getting fairly murky with the oil ministry and DGH now?

Reliance is something that really does not excite me because they are just too many imponderables out there on terms of what is happening on the gas side and all this back and forth between DGH and Reliance. The fact that a lot of their new businesses have actually still having a cash burn and they are not really growing yet so unless there has been some let up in terms of refining margins which have pop back a little bit but given the fact that and one is also concerned about a possible correction in commodities and since Reliance remains primarily a commodity play I think this is a stock that if there was a serious correction sure I would look to buy it but at this price I am neither a buyer nor a seller.