JP Infra a safer stock in infrastructure space: Pankaj Pandey, ICICI Direct

Pankaj Pandey, Head Of Research, ICICI Direct, in a chat with ET Now talks about JP Infra and the infrastructure space.

Did you manage to take a look at JP Associates numbers this time around? Is this a counter that you would probably look at even selling?

In infrastructure space, JP Infra would be a safer stock if somebody has to relatively choose between infrastructure stocks. JP is facing a bit of a hammering also because of the fact that the cement capacity, which it had added, is not really coming on the expected lines because the overall industry volume growth has been quite tepid and the pricing is definitely under pressure in the northern regions.

So given that, things are a bit of a concern for the entire infrastructure stocks and JP in particular. But of all the lot, JP looks far more stable, has got a higher promoter holding and better access to capital. So given that, if one should take an exposure, JP Infra can be looked at because it has got a fair mix of businesses put together.