Reliance Infra has resistance at Rs 410, says Anu Jain, Vice President, IIFL Private Wealth Management.
Jain told CNBC-TV18, "There could be a little more momentum in the ADAG pack more than anything else. So whether its metals or whether it is for that matter infrastructure, I think in the Reliance ADAG Group, the Reliance Infra has resistance at Rs 410. So if it manages to cross Rs 410 odd levels then you could probably see it move another 4-5% to Rs 426. So it's from the infra pack and it's from the momentum pack of ADAG but with a lot of caution because it is right at resistance."
Reliance Infra trailing 12-month (TTM) EPS was at Rs 40.42 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 9.93. The latest book value of the company is Rs 651.64 per share. At current value, the price-to-book value of the company was 0.62. The dividend yield of the company was 1.79%.
