Reliance Industries seems to be headed out in the wild – seems to be heading on the road less traveled. Again comparing the movement of the stock in relation to the Sensex, here is the chart of the same.
Along with 99.99% of Indian investors, I too have invested in this stock. In God and Mukesh Ambani we trust. Is it a concern for worry yet? Let’s wait and see.
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RIL,Infy,L&T,HDFC Bk, ICICI Bk and SBI account for around 50% of Sensex weightage. If they dont move, the Sensex cant move. So if you had to invest for the long term, you got to have exposure to these 6 stocks. I dont think we will see R.Com, JP Asso or DLF & ACC (all with <1% weight) moving the markets to 21000+
Besides RIL is big on energy and the long term outlook for energy (not refining per se) remains very attractive. Just look at how many 2-wheelers, 4-wheelers and Trucks India has been selling…