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Expect a decent bounce back in RIL, says market expert Ambareesh Baliga

Updated : October 29, 2020 05:20 PM IST

Market expert Ambareesh Baliga on Thursday said he expects a decent bounce back in Reliance Industries Ltd (RIL) if there is a healthy improvement in average revenue per users (ARPUs) for Jio.

"I feel that the non-performing assets (NPAs) would be more back-ended and possibly post December, we could see more of these coming out. I have been suggesting my investors to book out as and when we see a decent run in each of these NBFCs and wait for at least Q3 numbers to see as to what happens to NPAs."

Watch this video for more details.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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