Buy IGL, 5-10% upside possible: Gurunath Mudlapur

Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about IGL and Petronet.

What is your take, how much more headroom do you see in these stocks IGL and Petronet?

I think that both these stocks can annually giving a return of at least around 15% to 20% perpetually because it is a long term infrastructure plays. Their stability in terms of consumer base and whatever inflationary cost rises happen for the company they are able to pass it on to the customers so from that perspective I think it’s a very safe business to be in and they are very long term business model for these companies and considering these two factors I think it’s a buy and at least 15% to 20% upside for the stock on perpetual basis at least probably 5%-10% is easily possible.