CCCL our strongest bet in the construction space: Saurabh Mukherjea, Execution Noble

Saurabh Mukherjea, Head of Indian Equities, Execution Noble, in a chat with ET Now talks about CCCL.

CCCL has floated a new subsidiary called CCCL Power Infra. Is that what’s playing on this stock?

In terms of the infrastructure play in India, we see that the infrastructure builders, the construction firms as better bets than the actual firms which are holding infrastructure assets on their balance sheet. Shareholders are much better off buying construction firms rather than firms which are taking massive infrastructure assets on their balance sheet.

Now within the construction firms, we see CCCL as our strongest bet because of strong working capital practices and strong corporate governance practices that reduces the risk of dilution for minority shareholders and gives you a much better chance of making actual money from this construction boom in our country.