Buy IVRCL and Gammon India: Fayeza Hafizee

Fayeza Hafizee, Vice President, Institutional SalesIntime Spectrum Securities Ltd., in a chat with ET Now talks about IVRCL and Gammon India.

Would you have a view on IVRCL and Gammon India?

Definitely there are issues on execution on margins etc., but the stock prices have suffered enough and from current levels, we have a buy on both the stocks. IVRCL I would look at a target of about 180 or so in a year’s time which is not to forget that there is volume growth that is taking place. Yes, definitely margins do suffer but the prices have already come off on Gammon. Also we would have a price target of about 250 over the next one year or so. So I would have a buy on both these counters.