Reliance Energy Looks Healthy In Current Level

Reliance Energy is looking good for the last couple of weeks. The Reliance stock has seen decent gains and also have lost substantially in few trading sessions. The company has good fundamental position at current level. The Reliance Power sector is looking promising to get good returns from its stocks.

Stock Analyst Deepak Mohoni expects Reliance Energy to offer a return of 10 - 15% over next two months. It will be good to accumulate the stock at every correction. The delivery based position with a time period of 2 - 4 months will offer good returns to investors.
The stock was up by 1.2% today and ended the day at Rs 1670. Reliance Energy has touched a high of 1,959.00 and a low of 436.10 during last 52 weeks. At current price, Reliance Energy is having a P/E ratio of 45.