Reliance Infrastructure is a great buy:TS Anantakrishnan, Prime Wealth Management
As the markets start to see execution of the projects - especially Delhi Metro - we will start to see a re-rating of the company.
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| TS Anantakrishnan, Head - Prime Wealth Management, in achat with ET Now talks about the Reliance Infrastructure and Jindal Saw.
Infrastructure is a story that you like right now. Particularly which stocks do you think have the most value right now and can give a big upside from here onwards?
One of the infrastructure plays which has not re-rated is Reliance Infrastructure. There had been concerns in the market in terms of their execution. From our perspective, Reliance Infrastructure is a great buy.
As the markets start to see execution of the projects - especially Delhi Metro and many of the other road projects come - we will start to see a re-rating of the company. So from a valuation standpoint, in the large cap, we do like Reliance Infrastructure.
Another company which we do like in the same infrastructure space is Jindal Saw which is in the pipes business. We see from our valuations standpoint it to be quite compelling.
We see an EBITDA of 1200 crores just on the pipes business. We see the subsidiary adding another 300 crores. It has got 3600 crores of investments. So from that standpoint, we see valuation as quite compelling and we see an easily another upside of 30-40% from these levels.
Infrastructure is a story that you like right now. Particularly which stocks do you think have the most value right now and can give a big upside from here onwards?
One of the infrastructure plays which has not re-rated is Reliance Infrastructure. There had been concerns in the market in terms of their execution. From our perspective, Reliance Infrastructure is a great buy.
As the markets start to see execution of the projects - especially Delhi Metro and many of the other road projects come - we will start to see a re-rating of the company. So from a valuation standpoint, in the large cap, we do like Reliance Infrastructure.
Another company which we do like in the same infrastructure space is Jindal Saw which is in the pipes business. We see from our valuations standpoint it to be quite compelling.
We see an EBITDA of 1200 crores just on the pipes business. We see the subsidiary adding another 300 crores. It has got 3600 crores of investments. So from that standpoint, we see valuation as quite compelling and we see an easily another upside of 30-40% from these levels.
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