Buy Reliance Industries at around Rs 840-850: Deven Choksey

Dec 04, 2013, 04.19 PM IST

Deven Choksey of KR Choksey Securities recommends buying Reliance Industries at around Rs 840-850.

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Buy Reliance Industries at around Rs 840-850: Deven Choksey

Deven Choksey of KR Choksey Securities recommends buying Reliance Industries at around Rs 840-850.

Like this story, share it with millions of investors on M3

Buy Reliance Industries at around Rs 840-850: Deven Choksey

Deven Choksey of KR Choksey Securities recommends buying Reliance Industries at around Rs 840-850.

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Deven Choksey of KR Choksey Securities told CNBC-TV18, "Nothing has changed as far as the fundamental view of Reliance Industries is concerned. I would stay with the buy opportunity which is being made available in this kind of a corrective downside in the market. I would think that Rs 840-850 is offering a good entry opportunity and if it falls further for some reason it would be further accumulation opportunity."

"Couple of triggers which one will have to look for in this particular counter would be coming from the launch of 4G and along with that the results coming out from the shale gas business, the data coming out from shale gas business and the retail business. These are few of the trigger points for this company which I think one could probably buy in a falling market. So, I would consider buying into the portfolio at lower levels," he said.

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