Reliance – with the 4G move about to take place with Reliance leading front in broadband services across the metros of India, and their continuous acceptance to positive change we believe Fundamentally the company will begin its rise post the week correction that we are seeing due to Oil price corrections. Reliance at sub 900 Rs. prices look like excellent buys. We have noticed that in the last 5 years Reliance has been unable to reward share holders, however we believe Reliance’s investments into its retail business, and telecom will bring in great rewards. Assuming no political issues mar the company we do recommend Reliance as a Buy under Rs. 900 per share.
-Written by Shivam Parikh