Expect Reliance Infra to touch Rs 575-580 mark: Sharma

Sharma told CNBC-TV18, "From the high beta space I would back Reliance Infrastructure, Rs 575-580 is very much achievable on the cards in the next day or two. From that metal space Sterlite Industries has resistance at that Rs 104-105 level. Once that is taken out then only it could move higher."

He further added, " Tata Steel has given a good breakout above Rs 430 where its 200 day moving average and one of the first metal shares to do that. So there it can go up to around Rs 460-470 range."

Reliance Infrastructure's trailing 12-month (TTM) EPS was at Rs 40.42 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 13.81. The latest book value of the company is Rs 729.36 per share. At current value, the price-to-book value of the company was 0.77. The dividend yield of the company was 1.29%.