No sign of any kind of bounce for construction cos: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about construction/machinery companies.

ET Now: What is the way forward for some of these construction/machinery companies now?

Ashwani Gujral: Infrastructure and construction, they will continue to languish. Till when, it is difficult to say but so far there is no sign at all of any kind of bounce or any kind of volume or any kind of basing that is happening in these stocks like GMR has been in this 35 to 40 range forever. So slowly these things are getting off the radar and basically capex heavy companies in this phase of the market, they are literally ignored by the market.