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RIL, L&T, Infosys among IIFL's top-six investment picks for the long haul

Likening their performance and fundamentals to the pure technique of a test batsmen, IIFL Institutional Equities has ranked these six as its best choice for long-term investing

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IIFL

Debashish Pachal New Delhi
Indian benchmark equity indices,the BSE Sensex and the National Stock Exchange’s (NSE’s) Nifty50 have been hitting record highs of late.But growth has been limited to large-cap stocks; mid-caps have failed to join the party.

In the past few years, Indian stocks had been seeing a steep rise, on the back on mid-cap gains, with thevaluation of these stocks reaching significanthighs. According to an IIFL Institutional Equities report, these stocks’performance was akin to, in cricket terminology, Twenty20 – midcaps, indeed, were making records on Dalal Street.

However, things have changed since, and a deeper introspection exposes the top-heavy performance of stocks,

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First Published: Jul 30 2018 | 2:01 PM IST

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