Thread: Purchase Reliance Industries

Reliance Industries has been a huge disappointment lately and it has failed to perform in the market. Remember that RIL stock holds a good percentage in Indian indices and without it performing we cannot hope for the market to go much higher. Banks have already lead the markets and are correcting now but without RIL performing, things look difficult.

Point is, we all know that market has to go up in a longer term and so will Reliance, let it underperform now and fall, we should purchase at these levels and hope for a very nice return in future. Reliance is one of the biggest companies of the world, it is bound to do good.

There exists a case for the benchmark to move higher. Given the government’s recent moves, Citigroup believes any willingness on its part to implement higher prices for incremental KG production (possibly over the next six-nine months) could lead to reserve value enhancements and potential earnings upsides.

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