Reliance Industries may test Rs 1000: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Reliance Industries may test Rs 1000 in the short term and Rs 1150-1200 in the longer term.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should hold on to Reliance Industries . It is just beginning an upmove. For a very short-term trader, the next target for Reliance once it comes up and it should, is about Rs 1000 that is a round figure target and it is approximately area. The longer term target could easily be Rs 1150-1200."

At 13:59 hrs Reliance Industries was quoting at Rs 956, up Rs 14.95, or 1.59 percent. It has touched an intraday high of Rs 957.50 and an intraday low of Rs 944.40.

The share touched its 52-week high Rs 972.90 and 52-week low Rs 765 on 10 April, 2014 and 28 August, 2013, respectively. Currently, it is trading 1.74 percent below its 52-week high and 24.97 percent above its 52-week low. Market capitalisation stands at Rs 308,995.20 crore.

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