It is a buying opportunity in Infra and capital goods sector: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt Ltd, shares his views on capital goods sector.

ET Now: Do you think that there would probably be lack of buying in infra names?

Ambareesh Baliga: Lack of buying, yes, possibly for the next couple of days but then, the reforms may start to flow out from next week onwards. The first sort of announcements would be more to do with capital goods and infra sector as such, which could benefit because the reforms. So, this is more of a buying opportunity at lower levels because once we have a flow of reforms, infra or capital good stocks will not be available at these levels.

ET Now: Are you talking about midsized infra names?

Ambareesh Baliga: Yes, it would be more of a GMR or GVK which I would look at and in the capital goods, old names like L&T and BHEL.