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Advice On RIIL Ltd & Unitech Ltd.

About Reliance Industrial Infrastructure Ltd.

Reliance Industrial Infrastructure is referred as RIIL at Rs 1,002.15 with a target of Rs 1,048. This is a crude carrier company of Reliance Industries and there is a speculation of a big restructuring happening within the group by transfer of the gas line or maybe the gas carrier business in this company to act as a front for all the projects to be undertaken. So merely on speculation or on the expectation we have been seeing a good value coming in into the stock, so target for the day is Rs 1,048.

Advice on Unitech Limited

Unitech has restructure itself & shed off lot of non core assets. The company has repaid its debt. He feels that the main trigger for the stock is a possible increase in income tax exemption for interest & repayment of loans.