Friday 7 November 2008

Expect 18-20% return in RIL: R Shah

Rajen Shah, Chief Investment Officer of Angel Broking is of the view that one can expect about 18-20% kind of return in Reliance Industries by November-December next year.

Shah told CNBC-TV18, "The worst has been factored into the Reliance stock. If you see, the petchem margins and the gross refining margins are obviously going to be under pressure in the coming quarters and I think that has been understood very well by the market. That is precisely the reason why we have lost substantial ground in Reliance. But now it has come to sinner levels. I think I would certainly be a buyer and would certainly look out for about 18-20% kind of return by November-December next year."

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

Source: Moneycontrol

Posted by Harsh at 07:25

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.