Reliance Industries’ stock seems attractive after the recent correction, said Nischal Maheshwari, CEO-Institutional Equities & Advisory at Centrum Broking.
Sharing his positive view on RIL, Maheshwari said, “There has been some profit-taking after a long run-up which has happened. I think these prices seem to be a good place once again start entering into the counter.”
Maheshwari also believes that there is huge value in individual stocks in the market.
“You will find individual spots everywhere and so you have to be very stock specific. You have to understand that you are very close to all-time high on the Nifty and so individually you will not find particular sectors where you will find value. But individual stocks you will find a lot of value everywhere,” he said.
On the recent Reserve Bank of India’s (RBI) co-lending norms, Maheshwari is of the view that NBFCs with a large retail network will benefit from the new norms while it may not be helpful for NBFCs with a large wholesale network.
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(Edited by : Ankit Gohel)