As far as Reliance Industries is concerned, it is a bellwether for the market if you look at it.

Indian markets move up or down based on the performance of Mukesh Ambani’s Reliance Industries we have seen in many of the cases in past. Current rally in the stock is a relief rally, thanks to the bid not being approved and if the bid would have been approved, then a lot of cash would have flown from RIL and there would have been some borrowing as well, so it is a relief really for that.

Reliance Industries is a great stock to have in your portfolio anytime. It is reasonable to have but you have to take into account overall market conditions today before we talk over specific stocks.

Timing is impossible for anybody to predict but markets will correct a little bit over the period of time and considering that, I am not recommending buy on any of the large counters in a rush but independently speaking of that part Reliance Industries, it is a great stock.

Source:http://economictimes.indiatimes.com/Views/Recommendations/Relief-rally-for-RIL-Fortress/articleshow/5666917.cms

Tags: Reliance, Reliance Group, Reliance Industries, RIL