Dipan Mehta of Elixir Equities, in an interview with CNBC-TV18, said MRF and SRF are great companies from a long-term perspective and each of them has got many factors going in favour of them.

“MRF in particular, I think entire tyre industry has come out with very good set of numbers, call it pent up demand, call it improvement in transportation, it could also be the lower threat of imports because lot of curbs have been placed on Chinese imports. All of these have certainly improved prospects for tyre companies.”

In case of SRF, I thinking surprisingly fantastic results coming in from the company and it was not just the specialty chemicals, but the films division the BOPP films division has done exceedingly well. So both these companies are great in terms of long term investment.”

Talking about Reliance, Mehta said, “The trigger that everybody was waiting for in Reliance has come through. After the placement which we saw for the retail business many thought that was the end of it. But then we had another investors coming in yesterday at slightly higher premium and that has changed the sentiment in the stock. I think from this point in time I see Reliance at least performing in line with the market and not being an underperformer as we had seen over the past 2-3 weeks or so.”

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(Edited by : Bivekananda Biswas)

First Published:Nov 6, 2020 4:55 PM IST