Index heavyweight Reliance Industries no more finds a place in Large Cap Mutual Funds. HDFC Equity Fund and Top 200 two organically grown and Largest Mutual Funds in India have completely exited Reliance.
Why Everybody is SELLING Reliance ?
Mukesh Ambani got himself so busy and obsessed with his $2 Bn Home that he doesn't appear to have focused on core Energy Business which is turning out to be a Massive Lie on the availability of Gas at KG-D6. His Reliance Retail is still Losing heavily and SEZ and Telecom never took off.
So what ? Well, their EPS is going to be flat for the next 24 months, yes for th enxt 24 months it is going to be between Rs 58 to Rs 60. Thus investors have jumped off Reliance to make moolah in some other stock.
