Reliance Infrastructure has target of Rs 477: Manghnani

Reliance Infrastructure has target of Rs 477, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "In Reliance Infrastructure Rs 477 an upside target with a tight stop at Rs 437. There is going to be risk associated with high-beta names right now, but I guess that’s where money is to be made if there is a technical bounce. So I guess the risk-reward ratio would be let’s say a Rs 13 stop and a Rs 27 upside."

The company'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 11.46. 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 0.64. The dividend yield of the company was 1.55%.