IVRCL a good bet: Sharmila Joshi

Sharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services talks to ET Now about IVRCL.

What about IVRCL, would you buy into it at 172-173?

The only concern for IVRCL has been the fact that they were in a state where they largely got a business and there were issues within that space but the call that we have taken is that that also seems to be stabilising and if you see this kind of an order uptick on IVRCL, that is what investors would want to see because this quarter after eight quarters or something, you saw good margins from them. They did margins of about 10.3%.

So on the numbers front, things seem to be okay. It was only this overhang concern about the situation in Andhra Pradesh and since they got most of their orders from that state. So yes, definitely the news would be received very positively by the market and it would be good for the stock.