The Third Eye: Reliance Industrial Infrastructure

May become RIL's Infrastructure arm
Reliance Industrial Infrastructure(RIIL) scrip is showing good strength on the charts based on a positive news flow. Investment Guru blog has reported on 12th January that Reliance Industries has announced to take a controlling stake in the RIIL. The stock was also highlighted in the Trader Insight Blog .

Since the announcement of Reliance taking control of the company, the stock price has zoomed from Rs.290 to Rs 355 at end of today's session. The company has announced good results and the going is get to be even more attractive for the future.

The stock is also being accumulated at lower levels for long term appreciation. Reliance Industries may eventually use this company for its foray into Infrastructure given its interest into SEZ's and other retai space.

Investment Guru recommends investors to consider RIIL as a stock which would show considerable strength in the coming months.