Monday 10 November 2008

Bet on Reliance Infra: Vijay

Portfolio Manager, PN Vijay is of the view that one can bet on Reliance Infra.

Vijay told CNBC-TV18, "Nothing very fantastic in the mid-cap space because power is now just starting to get into people’s antennas. In the power utilities, I would rather go in for Reliance Infra, the old BSES, because I think the earnings visibility is very strong there and the EPC business appears to be becoming larger and larger share of the Reliance Infra cake. It has fallen so much just like all the other Reliance shares. So I would bet on a horse like that."

Disclosure: Analyst might have positions in the stocks/sectors discussed through their portfolio management accounts or through proprietary accounts.

Source: Moneycontrol

Posted by Harsh at 07:43

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.