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LIC acquires 14% equity in Reliance Infrastructure

We know LIC is flush with insurance funds in March and LIC looks for good bargains for a long term period. On 11th March, LIC acquired 14% equity in Reliance Infrastructure. This should be seen as a big vote for the growth potential and attractive valuation of Reliance Infrastructure.

Reliance Infrastructure is a star performer of the ADA Group with a top quality management and strong projects pipeline in different sectors: Power Generation, Transmission, and Distribution, and Transporation (Metro Rails and Bridges) and Roads.

Our Advice: Reliance Infrastructure is one of the best quality stocks in India today, with very attractive valuation (under P/E 10 after removing its Reliance Power investment stake). Buy and Hold for 5 years for market best returns.
Continue reading LIC acquires 14% equity in Reliance Infrastructure

Nifty BeES – Nifty Index Fund for S&P CNX 50 India

Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002. Nifty BeES trades on the Capital Market segment of NSE. Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement.

ISIN code INF732E01011
Series EQ
Reuters code NBES.NS
Face value Rs. 10

Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its website and on Reuters Page BEES01. For further details you may visit the website Continue reading Nifty BeES – Nifty Index Fund for S&P CNX 50 India

Future Uranium Suppliers in India

One thought came to me last night when I was trying to see how things can be in the Indian power sector in 5-10 years from now, especially on the Nuclear power side.

NTPC plans to initiate nuclear power. Reliance Power also has plans to set-up a nuclear power plant as well – that may happen, and RNRL could become supplier/owner of Uranium mines. This scenario could come sooner is RNRL lost the court case because they may want to use other options.

Everyone in India is doing a JV with Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India Limited (UCIL). Continue reading Future Uranium Suppliers in India