Wait for things to stabilise before picking up Reliance: Sudip Bandyopadhyay
Global oil prices are coming down, refining margins are coming down, and marketing options are not as available for Reliance as they used to be. This has created some challenges for the oil and gas business in India. Also, telecom ARPU is not going up, and telecom price wars are restarting, which does not augur well for the P&L of Reliance.
