Buy RIL With 2-3 Years Perspective: Shahina Mukadam

Buy RIL With 2-3 Years Perspective: Shahina Mukadam
India Inc is likely to report better earnings in the first quarter of this fiscal, says market expert Shahina Mukadam. Banking sectors won’t see a turnaround but there will be better profitability, she adds.
Globally, there is huge amount of liquidity which is contributing towards buoyant global markets which is reflected also reflected in the domestic markets, she adds.

Stock Talk

Reliance Industries: The numbers posted by Reliance Industries were very good on the back of higher crude oil prices which helped RIL in inventory gains. The gross refining margins were better than the market’s expectations. Meanwhile, the stock trades at attractive valuations from a perspective of two to three years. Investors can look to buy this stock. In near term, RIL faces immediate resistance around Rs 1,040-1,050.