• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Infrastructure Sector Calls: Reliance Infrastructure Multibagger if Invested for Long Term

By Bhaveek Patel Leave a Comment

Reliance Infrastructure Ltd. is one of the fastest growing infrastructure company in India, it is company of Anil Ambani’s Led ADA Group. The company is involved in road construction, metro, airport, cement, real estate and SEZ (special economic zone), Power generation, transmission, distribution, trading and engineering & construction. We see that this company has lot of potential in India, as the government has decided to spend billions of amount in India’s infrastructure development. This stock will perform very well when the infra projects will be completed, we are very much bullish in this stock for longer term view mainly 3 to 5 years. During the bull run from 2002 to 2008 we have seen stock appreciating from 170 levels in 2002 to 2650 levels in 2008, when markets were at its peek. So we are sure that when the bulls will return in control we will see huge appreciation in longer term when the global markets will outperform. Taking a look at the technical charts we see that RELINFRA to find support around the 355 levels, so our advice to investors is to look for buying in small quantity in Reliance Infra near 360 level for longer term (3 to 5 years) targets as 1500 and then 2500, we will also recommend investors to place a stop loss for this long positions near 320 level. Technical indicators are still showing trend to be bearish, but we expect support of 355 levels is very strong and thus validates our entry level.

Fundamental of Reliance Infrastructure:

Fundamentals are also attractive at this point of time, as the stock is right now trading at PE of just 7, its annual EPS (Earning per share) stands at 47. Book value is 527, which is very attractive and we also see that stock trades at just 0.79 time of its book value. Best thing about the company is that it is a dividend paying company available at such a discounted rate. A strong buy is recommended at 360 level in RELINFRA stock.
Reliance Infrastructure

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Telecom Sector Pick: RCOM Looks Attractive on Charts, Buy RCOM Today for Short term Target as 111 Reliance Communications Ltd, is a leading telecom company in India, having a huge subscriber base and network in over 15000 villages and towns. It has more than 10 million (1 crore) subscribers, However this is...
  2. Short Term Trading Stock: BUY Reliance Industries Today for Target as 878 Level India’s largest private sector company Reliance Industries Ltd., started by Dhirubhai Ambani. This company since its listing has gone through many bonus shares, regular dividends, De-mergers, acquisitions, stock splits we are sure that this company...
  3. Reliance Capital is Trading at Attractive Valuation: Strong Buy RELCAPITAL Short Term Target 465 Reliance Capital is another flagship company of ADAG group, the company is involved in insurance and broking businesses mainly. The history of this company tell us it was listed on NSE on 29 November 1995,...
  4. Steel Sector Outlook: Sail may Outperform in Short Term, We Advice Short Sell Sail Today Target 100 Steel Authority of India Ltd. is one of the largest steel producers in India. The company is in the iron and steel production business. SAIL was listed on NSE on 6 July in the year...
  5. Multibagger stock: Buy Aarti Industries Limited above 38 Long term Target 180 This stock seems to consolidates for some time, finally a breakout long trade can be entered above the 58 level only for immediate target of 72 and 84, also one must place the stop loss...

Category: Multibagger Tags: Multibagger/ RELINFRA

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Reliance Power is High Potential Power Stock: Very Attractive at Current Levels, Buy on Dips
Next Post: Short Term Trading Stock: BUY Reliance Industries Today for Target as 878 Level

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean