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