Medium-term target of 1250 for Kalpataru: Ashish Kapur

ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd, on his views on the market.

ET Now: What's the call on Kalpataru?

Ashish Kapur: Rather than power generating companies, it really makes sense to buy into stocks like Kalpataru if you are bullish on the power space.

It is a leading player in the EPC business for a power distribution and transmission. They have managed to raise a good amount of money around Rs. 4.5 billion lately, which they are going to use to augment their capacities and also build transmission towers for power distribution and also going to bid for a number of BOOT projects.

The way investments in this sector are going to increase, its stocks like Kalpataru, which are really going to benefit. So we are pretty bullish, it is certainly a good stock to buy and we have a medium-term target of 1250 on this stock. So according to us, it is a very good stock to buy on declines.