Hopeful on cosntruction sector: Sanjay Dutt, Quantum Securities Pvt. Ltd.

Sanjay Dutt, Director, Quantum Securities Pvt. Ltd., in a chat with ET Now, gives his call on the construction sector



Construction/infrastructure is a pocket that has taken quite a bit of cut? Would you buy or would you stay away?

That’s a sore point with me because I have been long in that sector for quite sometime and it really hurts to see that your investments are grossly underperforming. Forget underperforming, they are depreciating by the day. I believe in the investment still, and they will make money over the medium to long term. I would remain invested, therefore, my biased view obviously would be to recommend investors to look at select stocks because there is potential in them. Unfortunately a mix of interest rates, a policy lock jam and policy paralysis where contracts were not being awarded or go slow, input costs, execution issues, a combination of a lot of these issues have contributed to the negativity in the sector and genuinely so but I continue to remain optimistic and this might just be the contrarian sector that may do better than the rest of the market over the next one year.