Have a price target of 225 on Nagarjuna Construction: Ashish Maheshwari, Globe capital market Ltd

Ashish Maheshwari, Director, Globe capital market Ltd, in a chat with ET Now talks about Nagarjuna Construction Company.

How do you read the price of Nagarjuna Construction Company right now and do you think it has the legs to go up further?

In my view, the stock has further potential again. If you see the stock’s performance vis-à-vis other counterparts, this is the only infrastructure stock which is nearing its 52-week high in the same category if you compare it with GMR or IVRCL, etc. So for quite sometime, there is a good amount of accumulation happening in this stock and once this announcement comes for 49% stake sale, you are going to see good run up in the stock. So on the conservative side, I am giving a price target of Rs 225 on this stock in a quarter time.