Nagarjuna Construction is a value buy: Networth Stock Broking

In a chat with ET Now, Prakash Diwan, Head - Institutional Business, Networth Stock Broking, shares his views on the outlook of Nagarjuna Construction.

What is the call on Nagarjuna Construction?

Given the execution capabilities especially in all the diversified areas that they are present, these guys have an advantage of revenue recognition happening in the last quarter. A lot of could happen given the fact that the government is also keen on supporting this particular business. The entire mood could change dramatically if infrastructure gets some concessional treatment in the budget or post that. Distinctly this becomes a value buy. So, as a high-beta stock, it has both characteristics - it could move all the way from Rs 160 to Rs 104 and it could move back with the same rigour. So, I would definitely recommend people look at these stocks seriously and not just ignore them just because things are down right now.