Which one is better JM Financial or Reliance Capital?

Question

The price of both the stocks are almost equal. JM Fiancial is giving bonus share in the ratio of 3:2 and stock split. Which one I can prefer.

I am holding 20 shares of Rel. Cap. and I want to switch over. My decision is correct or not? Can somebody guide me.

Answer 1

Reliance Capital is a high beta stock and very volatile. Rel Cap is from the ADAG group which gives it an edge over the other Finance counters in the market.  So hold on with Rel Cap

Answer 2

Do not switch over.  Hold on to both.  Buy 10 of each. Distributing even the minor risks is always better. This is my view.  The choice is yours.