Investment Advisor, PN Vijay is of the view that one should buy Reliance Energy at lower level as right now it seems fully valued to him.
Vijay told CNBC-TV18, "Reliance Energy is a fast-growing great company but at this point it is overvalued compared to its peers essentially because of two reasons; one is the general Reliance factor and the other is that the unlocking that’s taking place through Reliance Power. So at this point in time, I would definitely not increase my exposure and I am sure I would get opportunities to buy this stock at a lower level, right now it seems fully valued to me."
Source: Moneycontrol.com
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