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Bullish on Reliance Industries, IndiGo: Centrum Broking’s Maheshwari

market | Nov 12, 2020 9:42 AM IST

Bullish on Reliance Industries, IndiGo: Centrum Broking’s Maheshwari

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Amid talk of a fresh stimulus package by the government, Nischal Maheshwari of Centrum Broking feels the market is in an uptrend, and that any dips should be viewed as a buying opportunity. He is bullish on Reliance Industries and Indigo, and shared his views on the stocks in an interview to CNBC-TV18.

Amid talk of a fresh stimulus package by the government, Nischal Maheshwari of Centrum Broking feels the market is in an uptrend, and that any dips should be viewed as a buying opportunity.

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He is bullish on Reliance Industries and Indigo, and shared his views on the stocks in an interview to CNBC-TV18.
Reliance Industries
Recovery on the economic side is basically where people are now betting, so there is some amount of sector rotation and that is where I think some amount of profit-taking is happening on Reliance Industries. Fundamentally, I don’t see anything wrong out there, retail has been doing pretty well and so has been telecom, if the recovery happens basically in the economy, the refining margins which we are seeing low basically for the Reliance in the current quarter that should also come up.”
IndiGo
You have to be careful in selecting the stocks in airline and we would go with the leader - IndiGo. But I think one should wait for a bit of a correction because stock has run up quite a bit and we should also see if there is second wave in India also coming in. If that happens you might see a bit temporary blip so wait for a small correction in and then buy it. So buy IndiGo on dips is what I would recommend.
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