Go long on Reliance Infra, advises Devangshu Datta

Devangshu Datta of Business Standard told CNBC-TV18, "Reliance Infrastructure is going to swing between Rs 325-355 and conservatively it may have an upside from here than a downside. So I would tend to be long. This is on the Futures."

At 15:27 hrs Reliance Infrastructure was quoting at Rs 334.95, up Rs 5.50, or 1.67 percent. It has touched an intraday high of Rs 340.50 and an intraday low of Rs 324.50.

The share touched its 52-week high Rs 572.35 and 52-week low Rs 308.00 on 10 January, 2013 and 02 August, 2013, respectively. Currently, it is trading 41.48 percent below its 52-week high and 8.75 percent above its 52-week low. Market capitalisation stands at Rs 8,808.85 crore.

Disclosure: I do not have holdings in the stock discussed.