Reliance Industries Stock: A Potential Medium-Term Opportunity, Says Gaurav Dua

Gaurav Dua, Head of Capital Market Strategy Mirae Asset Sharekhan, shares his insights on Reliance Industries’ stock performance, addressing the recent underperformance and its potential recovery. Despite recent setbacks, Gaurav Dua believes that the stock’s valuation has now become very attractive for medium-term investors. He highlights that Reliance’s fall over the last few months, driven by macroeconomic factors and negative news, has caught many by surprise. However, with several growth triggers in place, the stock is worth considering for those who can withstand volatility. For investors who bought the stock at higher levels, it may be an opportunity to accumulate more at current levels, given the potential for recovery in the medium term.