Wednesday, 29 October 2008

Hold Reliance Industries, says Madan

Ashu Madan, National Head of Religare is of the view that one can hold Reliance Industries.

Madan told CNBC-TV18, "It’s a very daunting task for Reliance to go back to the original level and at the same time, I cannot advice at these levels to average it out, so probably I can only say that hold it for sometime, wait for some bounce back because probably even if we feel that there is some bounce back would be there it would be led by these blue chips only. So somewhere once the selling stops and you see some bounce back, I don’t know what level that could be."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

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