Nagarjuna best pick in case of a construction rally: Deepak Mohoni, trendwatchindia.com

Are the infrastructure stocks pricing anything? These stocks have not done anything. Are any of the stocks showing a little bit of possibility of an upside?

The only thing that has happened in these stocks is that the stock falling in the last week or 10 days. I guess you could call that a little positive. Of these if there is something for infrastructure. The market does not really seem to be expecting that but if there is something, then the best pick would possibly be Nagarjuna because this is one stock that is still clearly in a long term uptrend.

Stocks like Punj Lloyd, GMR have gone into very clear long term downtrends. They have gone to five-six month lows before recovering slightly. IVRCL also went to a three-four month low. Hindustan Construction has not been so good either. So given all that, the only stock that is holding out is Nagarjuna. So the market obviously likes this stock a little bit more and if there is a construction rally, then this stock would be the best pick.