Like IVRCL : Vikas Pershad, Veda Investments

Vikas Pershad, Founder & CEO, Veda Investments, in a chat with ET Now talks about Infrastructure stocks.

What is your view on infrastructure stocks? Are you bullish there?

In the broad sense, it is difficult to be bullish on the Indian story for the next 5-10 years and beyond without being bullish on at least some subset of the infrastructure names. A lot of the infrastructure names were painted with the same brush as many of the real estate names. So they got punished heavily, sold heavily by FIIs and domestic investors alike.

Within the space, I still do like the same names that I have been talking about for a while. An IRB has been overly punished. IVRCL probably has been punished a little too much. There are still some names that I would stay away from like a Punj Lloyd. But in general, it is probably not a bad time to at least have an allocation to some of these names.