Reliance Is Likely To Outperform - Stock Views

1 comments
By looking at Reliance Industries Ltd., it was underperforming for almost two, two and a half years and then there was catching up which they did in the last two months. They have spurted from almost Rs 700 levels to Rs 900 and now again corrected.

My view is that being the heavy weight and the kind of underperformance that it has shown over the last two years, going forward in our weak market environment probably this will continue to outperform. Again institutional ownership is slightly on the lower side in this counter, so I am not of the opinion that this will underperform in a falling market.

One Response so far

  1. Anonymous says:

    RIL WILL GO UPTO Rs 685-715/- levels within 10 trading session as this is the most heavy weighted stock in the market and market will fall further, so kindly pick up the Put of the above stock of Dec, 2011 (740 & 760)

    HAPPY TRADING

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