Expect RIL to be top stock for FY12: Quantum Sec

RIL will be the top stock for calendar 2011, says Sanjay Dutt, Director, Quantum Securities.

Dutt told CNBC-TV18, "RIL has got some structural issues with respect to gas, gas pricing and various policy issues, its working on them. It is working on some new initiatives and I think this will be the top stock for calendar 2011 or FY12. And along with it some of the other stocks in the RIL pack because for me the group is more or less one now and there is going to be substantial re-rating of the group."

He further added, "In relation to that some of the infrastructure names that have been beaten down. Yes, they have less weightage in the indices, they will also pick up as cash flows and order flows start to improve."

"I don