Investment Advisor, PN Vijay believes that is enjoying the high margins, which refining industries are getting all over the world but going forward, investors will be looking at Reliance's retail foray.
According to Vijay, Reliance Industries is a good stock and is one of the cheapest in the market and he says this stock is a 'buy'.
Excerpts from CNBC-TV18's exclusive interview with PN Vijay:
Complex set of numbers from Reliance; but on first look, how do the numbers appear to you?
It's sort of at par for the course in a sense that Reliance Industries is enjoying the high margin, which refining industries are getting all over the world.
But going forward, I think that investors will be looking more at the retail foray, on how that takes off and to some extent, how they are able to convert their exploration,
What might be the view on the stock, when it is hovering around Rs 1000?
This stock looks very good to me; it is an Index stock and in terms of simple PE multipliers, it is one of the cheapest in the market. It is trading still at a discount to the Sensex PE and this is one stock where we have very clearly defined value creation strategies in retail and to some extent in exploration. So it should be a buy in my view.
For more on markets & business, log on to www.moneycontrol.com.
