Why one stock brokerage is bullish on Reliance Industries and Infosys


India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks.

Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president and head of equity research at Kotak Securities.

“Telecom and digital will contribute a lot in the near future,” he told CNBC’s “Street Signs Asia” on Monday, adding that the company is taking steps in the right direction.

“We are expecting the stock to move towards at least 2,850 or 3,000 [rupee] in the next, maybe couple…


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