Market expert, SP Tulsian, on Tuesday said he is positive on on Zee Entertainment Enterprises Ltd and Reliance Industries Ltd (RIL).
"People will be more keen to know the results of Reliance Retail and Reliance Jio. I don't think that petrochemicals will really be disappointing. So, I am not too much concerned on the topline. But EBIT margin of about 19 percent may be expected for the petrochemicals division and that will not disappoint," he said.
"Reliance Retail and Reliance Jio will really be the big kicker. Around 289 million subscribers have been added by Reliance Jio and in case of Reliance Retail, the growth is seen to be quite high. I don't think that there will be any kind of disappointment. On the contrary, market will really be cheerful with the results or with the segmental performance of Reliance Retail and Reliance Jio," Tulsian said.
On Zee Entertainment, he said, "Even if Q3 numbers are not cheerful, I don't think the stock will really fall much."
"Wipro has not been able to cheer on the results front. I agree that they have been coming out with buybacks and this time again with a bonus news. But if you really see the situation for the last 12-18 months, bonus has never been a trigger for the shares to get rerated as that is just an arithmetical exercise and market doesn't give much credence. So, we have to wait and focus on the results of the company and not on the bonus," he added.
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