Hold Reliance Industries: Sajiv Dhawan of JV Capital Services.

Hold Reliance Industries, says Sajiv Dhawan of JV Capital Services.

Dhawan told CNBC-TV18, "One can accumulate Reliance Industries on decline and continue to hold. It consistently rewarded the shareholders who have been patient. It has been on under the weather from the stock market perspective, no real positive news over the last year or so. They have large acquisitions, which they were planning seems to have run into a rough weather as well which has dragged the stock down over the last week or so as well.”

He further added, “In RNRL-RIL case it is very difficult to predict what is going to happen there. I think that kind of uncertainty, once that is finally over and done, investors will re-look at the stock. The institutions do obviously have to buy positions in index heavy weight. Patient investors can hold on and can buy on any decline.”

No comments:

Blog Archive