Buy infra: Ambareesh Baliga, Way2Wealth Brokers Pvt. Ltd.

Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd., in a chat with ET Now, gives his views on infra space


What is the outlook like on infra space? There is a news of IVRCL bagging big order worth Rs 900 crore, Punj Lloyd is also getting orders, Simplex in fact just completed a new bridge.

We have been bullish on infra for quite a while but unfortunately it has not really been performing. We are completely full as far as infra sector is concerned. In fact we will not be adding more but then going ahead we see it once the interest rate cycle starts moving down that is the time people again start looking at infra. In fact I see the interest rate cycle coming down possibly from September-October onwards so it actually make sense to buy infra now if it is not there in the portfolio.