Buy Infra stocks like Lanco Infratech, GMR on declines: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com shares his views about the Infrastructure sector.

ET Now: What is the call on the infra space stocks like Lanco Infra, GMR and GVK?

Ashwani Gujral: Even if this is a bear market rally in infrastructure, you will have a substantial bear market rally. These stocks have already moved up 50%, so whenever they correct and consolidate, I think they would be as much a buy as the banking stocks would be. Chances are that they could still have another 50%-60%. So, on dips when they are not doing so well is a good enough buying opportunity. In case the Nifty falls for some reason closer to 5400-5450 then all of these stocks would become good buys.