Question: Which is a better share for the long term in India, RIL, or Tata Steel?
Both RIL & Tata steel has good management & strong business.
RIL - is having more revenue drivers like Jio, Retail, etc. Now they have collected huge money from many institutions & other strategic partners and become debt-free.
The current valuation is a bit high but considering long-term potential, it is OK to start accumulate it in small portions.
Tatasteel - Age-old proven business in metal and subject to cyclical in nature. If you just see the chart, it has not delivered great returns to investors.
See the last 5 yr data: RIL appreciated about 381% & Tata steel is about 63% only.
Is it too late to buy RIL shares, or will it fall again to 1k lows?
Not it’s not late, I think the stock would go 5,000 in the next 10 years. So if you share the vision of the reliance industries then you could start investing monthly and if it’s fall then invest more so that your average price would come down.
Reasons, what one should invest in RIL? Well, there are so many but essentially Jio is going to be the next big thing and right now there is no separate listing of Jio. So, even if Jio is listed separately in the next 3–4 years, Reliance stock would rally.