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

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,