SP Tulsian discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the fundamental side of the market as well as specific stocks and sectors.

Talking about Reliance Industries, he said, In the petrochemical segment, the companies are likely to come out with an excellent number because the ground picture shows, there is a shortage of the polymer in the market, said Tusian

In this weak rupee cycle, no one has really gone for import and the only alternative is the Reliance Industries, he said.

"I am expecting the petrochemical segments to do quite well and we continue to have a positive bias because of correction I have seen as profit booking on the share has risen by about 30 percent in this last four to six months," he added.

If you are having a positive view with a time horizon of 12 months, Reliance Industries is an excellent buy now ruling at about Rs 1080, Tulsian said.

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