Positive on Reliance Infra, get in at around Rs 570-:- Equity Research

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I am very positive on Reliance Infrastructure . The future prospects given couple of facts one is there are certain changes in norms for some of the projects which are in arbitration in terms of there will get more liquidity with this their debt level should be able to kept in control. Already, I don’t think debt is a big problem for Reliance Infra, it is at about one time one book which is fairly good." "Also in terms of its major business which is in power distribution, I think they should do better going forward. Also their recent sale of cement business should help them to bring down the debt. So, overall I think it is a pretty decent bet to get in. May be one can look at levels of maybe Rs 570-580 to get in and with a near-term target of about Rs 620," she added.