Nagarjuna Construction can give return of 20-25%: Gajendra Nagpal, Unicon Financial Solutions

Gajendra Nagpal, CEO, Unicon Financial Solutions, in a chat with ET Now talks about Nagarjuna Construction.

You are bullish on Nagarjuna Construction, can you just walk us through this stock?

The results have been fairly well, rather they are above market expectations. They have got a very strong order book position. Their order book position is 2.7 times of sales that they are likely to quote in the next year. With this kind of an order book position and the way we have seen the sentiment for the infrastructure space, infrastructure stocks have been now little turning once again.

The stock is at a reasonably good position to give you a decent return over next 6 to 12 months once again. So one could get a return of 20% to 25% if one stays invested in Nagarjuna Construction at this point of time.