Like infrastructure: Dinesh Thakkar, CMD, Angel Broking

Dinesh Thakkar, CMD, Angel Broking, in a chat with ET Now talks about infrastructure.

What is your take on infrastructure?

One of the sectors which we liked is infrastructure and also capital goods. Government focus seems to be clearly on investment now. So additional GDP growth is going to come through investment and that is a sector which we feel is totally beaten up. It is available at a good valuation and many good companies are available at below book value. This is a sector investor should look at because right now, it is very difficult to predict a market in terms of price gyration in one week or one month.

So you should look at sectors which are a bit defensive, which can give you a good compounding growth and if at all you go wrong in terms of immediate price judgement, downside risk is around 5%. But if you look at this sector, this can give you growth of around 40% next two years.