Bearish on infrastructure: Ashwani Gujral

Ashwani Gujral, in a chat with ET Now, speaks on how the caoex heavy stocks are likely to perform


Can one actually initiate a short on stocks like Lanco or GVK Power which have gone down so much since the highs, is there more downside in the near term for these stocks?

Anything that has gone down can go down further and I am looking at a list of 52 week lows, all of these stocks are present there and they are making further 52 week lows. Chances are that capex heavy rate sensitive will get a meeting and particularly the large rate sensitive which need large amount of capital. Auto etc. will probably remain range bound, they will not go into a deep bear market but infrastructure and real estate will really take a beating because loans to all these people will get impacted. These guys will probably come back sharply only once the RBI Governor says that these going to pause not when all the other experts say that he is going to pause that may be still quite a distance away.