Remain invested in Reliance Infra, says Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "Technically, Reliance Infrastructure would be a hold because it has seen a strong recovery in the last few days and what we see is on the higher side, it can go up to Rs 550. So, if one has to conservatively hand on to the stock, one can keep a stoploss closer to Rs 470 and hold on to this."At 14:52 hrs Reliance Infrastructure was quoting at Rs 501.75, up Rs 0.95, or 0.19 percent on the BSE.