Reliance Infra a buy: Gaurang Shah, Geojit BNP Paribas Financial Services
The only feather in the hat in the entire ADAG Group company is Reliance Infra.
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| Gaurang Shah, Asst. VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Reliance Infra.
What is your take on Reliance Infra? Is there any kind of expectations from here considering that they plan to increase their revenues up to a targeted revenue of 5000 crores come FY11 and could also even look at de-merging?
The only feather in the hat in the entire ADAG Group company is Reliance Infra. We do have a buy coverage with 1130-1140 as a price target and 1-year time horizon. The other company that fits in our buy coverage is Reliance Power. You have seen positive news coming into Reliance Power in terms of capacity generation.
As far as Reliance Infra is concerned, let’s hope that not many of more assets from Reliance Infra are transferred into Reliance Power because of the gas allocation. We feel that on bad days, one can definitely use Reliance Infra as a buying opportunity.
What is your take on Reliance Infra? Is there any kind of expectations from here considering that they plan to increase their revenues up to a targeted revenue of 5000 crores come FY11 and could also even look at de-merging?
The only feather in the hat in the entire ADAG Group company is Reliance Infra. We do have a buy coverage with 1130-1140 as a price target and 1-year time horizon. The other company that fits in our buy coverage is Reliance Power. You have seen positive news coming into Reliance Power in terms of capacity generation.
As far as Reliance Infra is concerned, let’s hope that not many of more assets from Reliance Infra are transferred into Reliance Power because of the gas allocation. We feel that on bad days, one can definitely use Reliance Infra as a buying opportunity.
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