Accumulate Reliance Industries under Rs. 850, for a a good long term return. Reliance JIO will help boost revenue otherwise unseen from recent OIL valuation drops. However, profitability may be limited for at least another 2-3 years. We believe Reliance has been under performing for the last 7 years, and it’s new business arms will decide it’s future growth.
-Written by Shivam Parikh