Prefer ACE, MBL Infra among EPC stocks: Mayuresh Joshi

In a chat with ET Now Mayuresh Joshi, Fund Manager, Angel Broking, shares his view on construction stocks.

ET Now: Are you bullish on any construction stock? Construction stocks are performing quite well these days; companies from the construction sector are bagging large orders as well. Any engineering, procurement and construction ( EPC) player that you would like to recommend?

Mayuresh Joshi: EPC players will be benefited from the government's infrastructure push. It would be the first space that would probably start getting orders.
We do like a couple of names from the sector. Action Construction Equipment (ACE) is one stock that we like. It is probably a turnaround story on the crane business. MBL Infra is another stock that we like. We are revisiting our target price. We believe that MBL Infra will be a huge beneficiary of order flows in the EPC segment. So, these are the two stocks that we like within the EPC space.