Correction is a good opportunity to get into IRB Infra: Hemang Jani

Hemang Jani, Senior Vice President, Sharekhan in an interview with ET Now gives his perspective on IRB Infra.

What with steel prices set to fall and also the pressure on operating margins with that will ease your call on an IVRCL?

In fact we have a recommendation on IRB Infra and we feel that given the kind of track record that it has built for building the road projects and the kind of portfolio of toll units that they have both in Maharashtra and outside Maharashtra, I think this company is slotted to do extremely well.

With new road projects which are going to come about the company will be able to grab majority of those orders and the overall visibility of growth is pretty strong with the huge order book and the company has been able to raise funds for its expansion so we feel that IRB Infra would give another 25%-30% kind of an upside and a correction is a good opportunity to get into that stock.