Reliance, Kotak Mahindra Bank, Welspun shares: Build model stock portfolio! Why Jefferies India is bullish on large-caps
Reliance Industries is in focus.
· LiveMint Markets
Jefferies India report believes the risk-reward ratio in large-cap is more favourable than…
The analysis
Against that, the stock is -2.4% on the day at ₹1,179.00, and has returned -7.5% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.0% over the same period, so Reliance Industries is running 7.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Banks.
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