Stay away from Reliance: H Kumar
April 2nd, 2009
Harendra Kumar, Head of Research at Centrum Capital feels that it would be precarious to enter Reliance Industries at this point of time.
Kumar told CNBC-TV18, “At this point of time, so much of positive news has been built with the price, Rs 2000 look a little optimistic in Reliance Industries. I think as most fund houses and typically our internal view is that one should slightly underweight oil & gas and that is what our view would be. I think it would be precarious to enter this stock at this point of time.”