IRB gearing up for opportunites ahead, fund raising positive for co, stock: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director at Quantum Securities shares his view on IRB Infra. Excerpts:

ET Now: What is your reaction on the likely fund raising by IRB Infra?

Neeraj Deewan: You have to see the kind of aggressive targets which the government has for development, growth and building of roads in the next two-three years. All these companies including IRB Infra need to be prepared. They can raise equity and keep ready the war chest to bid for those projects.

In the next two-three years, you will see good returns coming from these companies.

It is a good time to raise money. You can reap the benefits in the next two-three years. Once they are able to raise the money, it is going to be long term positive for the company.