Technical analyst Kunal Sarogi is of the view that investors can buy Reliance Infrastructure stock to achieve a short-term target of Rs 1190.

According to him, investors can purchase the stock with a strict stop loss of Rs 1127.

Today, the stock of the company opened at Rs 1138 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1404.45 and a low of Rs 672 on BSE.

Current EPS & P/E ratio stood at 53.74 and 21.41 respectively.

Billionaire Anil Ambani, on April 01, has made an investment of around $405 million in order to lift his equity stake in Reliance Infra, the power facility and road building company operated by him.

AAA Project Ventures Private Ltd., possessed by the Reliance Anil Dhirubhai Ambani Promoter Group, was assigned 19.6 million shares against convertible warrants, raising the founders' stake to 42.73% from 37.74%.

Reliance Infra has surged 86% in 2009, exceeding the 78% rise in the benchmark Sensitive Index.

The equity investment will raise Rel Infra's net worth to Rs 160 billion and increase its borrowing capacity.

India is making investments in constructing roads, ports and power facilities as it aims to surpass China as the world's fastest-growing major financial system in the last 4 years.

India's expansion rate will go up to 8.2% during the existing fiscal.

The administration figures Asia's third-largest economic system may have flourished 7.2% in 2009.