Reliance Infrastructure safe bet in ADAG pack: Vijay

PN Vijay, Portfolio Manager of askpnvijay.com feels Reliance Infrastructure would be the best bet in ADAG pack.

Vijay told CNBC-TV18, “ADAG pack has really taken off. To some extent it is news driven like Reliance Communications has abandoned its policy of going cheap and hiking its basic rates of voice, etc substantially.”
He further said, “There is also this perception in the market that Mukesh Ambani is throwing his monetary weight behind the ADAG pack. So there is some substance to this huge buying that is coming across. In terms of good balance sheet, something to work on, Reliance Infrastructure still continues to be a safer bet. I am not so comfortable about Reliance Communications and Reliance Capital.”
“In terms of pure quality of the business, I would go for Reliance Infrastructure, but I would like to warn investors that they are into some sort of a slippery ground because this group has been a bit controversial. Some of its growth plans are questionable; some of its actions are questionable. So you have to be cautious. However if you want to turn into a fan of this group probably Reliance Infrastructure would be the best bet,” Vijay added.