GMR, IVRCL are pure trade bets: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about infrastructure stocks.

You did have Nagarjuna Construction as a trading idea in your stock recommendations today. Any of the other construction stocks some of them have bounce back smartly from the extreme lows but can any of these continue upwards?

Well the parameter I really use is how fast these stocks are moving up since the rally began and if you look at it that way the construction stocks have been among the best bounce backs in the last 5-6 days. So I think there is a reasonably good chance that at least for the duration of this uptrend which could be 2 weeks or more. You could see some outperforamnce by these stocks compared to the rest of the market.

Aside of a Nagarjuna Construction is there any individual stock that you would bet on from the construction pocket?

GMR, IVRCL look equally good even Hindustan Construction has actually been making pretty good moves.

So you would initiate may be a long call on any of these?

Yes pure trades. Investment I think they still have not bottomed out long term.