Hold Reliance Industries: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "From a longer term perspective Reliance Industries is a hold because I think the direction of the market, very honestly my target of Reliance Industries would have been closer to Rs 1,350, but now that the market is in such a buoyant mood, there is every likelihood that target can get extended which is the only reason why I am saying even from a longer term perspective for me the stock is a hold."

Reliance Industries closed at Rs 1,289.40, up Rs 8, or 0.62 percent on the BSE.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.