Keep an eye on infra space: Prabhudas Lilladher

Prabhudas Lilladher as a house, are there any of these smaller ideas that you have identified for the next 12 months, mainly from the infra space or even otherwise?

Apurva Shah: Infra space, there is no specific view whether it is the large caps which are doing better or the smaller caps, it is more a bottom up thing. The broader view essentially on the infrastructure space is that the entire sector has underperformed as a result of which, a lot of stocks are being available at pretty decent valuation and we are expecting to see an improved execution in the next 2 quarters. Q3 somewhat and definitely in Q4.

So that is the broad them. Within that, some of the names that we like are companies which have a decent order book and where clearly the execution stories on the ground are that execution has improved and one of the names that stands out in that is Nagarjuna Construction.

They are doing quite well in most of the markets that they are operating in India and they are doing exceedingly well in the Middle East. That is certainly one of the names that I would want to keep an eye on. At these levels, it is also attractively valued now.