No reason to shy away from PFC and REC: P Phani Sekhar, Angel Broking

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views on infra stocks.

ET Now: Is there some time before you take an investment call considering what has happened to infra and infra-related names in the last few days?

P Phani Sekhar: It is a conviction call and what matters in PFC more is the asset quality because that had started deteriorating in the last one year or so but if you are betting on all kinds of infra names starting from capital goods to all the way up to toll operators, then there is no reason for one to shy away from PFC and REC although the reforms that is required out there are much more sticky but if you take a two- to-three-year view then these are relatively better levels to get into.