Jan 12, 2017 03:48 PM IST | Source: CNBC-TV18

Reliance Infra good bet for long term: Avinash Gorakshakar

According to Avinash Gorakshakar, Market Expert, Reliance Infrastructure good bet for long term.

Avinash Gorakshakar, Market Expert told CNBC-TV18, "If one is looking at a time horizon of at least around 18 odd months, Reliance Infrastructure could definitely be a good bet. I would suggest to buy the stock in pieces and take a horizon of at least 15-18 months because I would presume that once the macro recovery starts, they already have a very decent order book, they have also reduced debt on the balance sheet. So, clearly FY18 is going to be a much better year."

The share touched its 52-week high Rs 635.35 and 52-week low Rs 414.00 on 09 September, 2016 and 12 February, 2016, respectively.
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