CMP : 1053
Target : 1500
Time Span : 18 months

Reliance Industries Ltd. manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The Company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, India that produces a wide range of products such as gasoline, superior kerosene oil and liquefied petroleum gas.

The most talked about stock by an Indian investor has been static around 1000 levels for almost a year. It has shown solid results in the last 2 quarters and its a good time to buy RIL with long term view of over a year. Downside looks very limited and makes it a safe bet in our view.