Wait and watch for RIL: Sandeep Bharadwaj, Derivium Tradition
It is a difficult call on RIL because a lot of FIIs have been buying the last 5 days. It has almost come down to its book value.
By 
| Updated:
| Updated: Sandeep Bharadwaj, Head India Equities, Derivium Tradition, in a chat with ET Now, gives his call on RIL
What is the call on Reliance Industries at 821?
It is a difficult call because a lot of FIIs have been buying the last 5 days. It has almost come down to its book value. So people are finding it as a value play but at this level I am not so sure but buying will emerge between Rs 700 and Rs 750 levels.I do not think ONGC’s FPO will have any impact on Reliance. So that stance will be neutral in our perspective.
What is the call on Reliance Industries at 821?
It is a difficult call because a lot of FIIs have been buying the last 5 days. It has almost come down to its book value. So people are finding it as a value play but at this level I am not so sure but buying will emerge between Rs 700 and Rs 750 levels.I do not think ONGC’s FPO will have any impact on Reliance. So that stance will be neutral in our perspective.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
