Avoid Peninsula Land, buy Nagarjuna Construction: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Peninsula land and Pratibha Industries.

Peninsula Land and Pratibha Industries do you see value in any of these?

Again midcap real estates will probably move up couple of days. Really range trading mainly all of them are in bear markets and conditions generally speaking are not too positive for rate sensitive so may be it is an avoid. Pratibha again it has had a small rally from say about 57 to about 70 but an upside could face stiff resistance around levels of 80 but this does not look to be the strongest infra type stock that you have. I would much rather look at something like a Nagarjuna Construction or IVRCL you need to keep away from these because they have been derated because of corporate governance and the smaller construction/infra plays so try to be with the larger companies because as it is that sector is not in a bull market and if you get into trouble then these guys can fall much more than the larger stocks.