Good time to start on infra stocks: Ambareesh Baliga, Karvy Stock Broking

What about the entire infrastructure basket because the liquidity impact clearly trickled into those as well?

Ambareesh Baliga: That is what was expected because of which, along with the realty space, you had a major fall in the infra space also. Howver, we would clearly be utilizing that to pick up infra stocks because at least over the next 12 to 18 months we see a decent run up as the major issue is the 5 year plan ending next year. This means a lot of government funds will go into the infra space and that is when you see a decent movements etc. So I think this is a great time to start picking up the stocks in this sector.

So which stocks would you recommend?

Ambareesh Baliga: My old favourite is still GMR and with this InterGen deal going through that is quite positive for GMR as such and the second stock is HCC although the problem is there with Lavasa but at these levels clearly I see the risk levels are extremely low. Possibly it will not go below 38-39 levels.