IL&FS Transportation is a good pick at current levels: Ambareesh Baliga, Market Expert

In a chat with ET Now, Ambareesh Baliga, Market Expert, talks about IL&FS.

ET Now: Do you track IL&FS Engineering?

Ambareesh Baliga: I track both of them closely. I track IL&FS Transportation more than engineering. Both of them should actually gain because of the sort of road construction which we should see going ahead.

We have already seen the order flow for IL&FS Engineering. Both these stocks should do extremely well going ahead. As far as IL&FS Transportation is concerned, we have seen a decent correction from 240-250 levels to close to 168-170. From there, we have seen some sort of a bounce-back today.

At the current levels, it makes a lot of sense picking up IL&FS Transportation.