Buy IVRCL on lower levels for accumulatiion: MAIA Financial Services

Avani Mehta, Fundamental Analyst, MAIA Financial Services Pvt. Ltd. in a chat with ET Now talks about IVRCL.

Why do you like IVRCL?

We are quite bullish on the infrastructure space as such. We expect for the next year GDP to grow at around 8.5%. For that kind of growth, the basic assumption is we as India should grow at, infrastructure is a very important sector and we are quite bullish on this sector. I would recommend IVRCL as a buy and investors should accumulate those kind of stock picks and these stocks could be bought on lower levels and dips.

Secondly, if you look at the order book which the IVRCL Infra has got, presently they are having 260 billion of order book and if you look at the management guidance also, they are going to add 150 billion more to the order book and IVRCL majorly has a focus, 46% of the order book is in the water and irrigation management systems. We are quite optimistic on that sector and we would recommend investors to buy such kind of scripts at the lower levels and accumulate stocks.