Second rung infra stocks are bullish: Harendra Kumar

ET Now talks to Harendra Kumar, Head of Institution Broking and Global Research, Elara Capital.

What about some of these second rung infra stocks. We heard about Gayatri Projects the day before Tuesday about the stake that it had sold in the power subsidiary which is almost 3 times the current market cap as well any of these stories excite you at all?

Absolutely. I think we are bullish on the infra space. We like Era Infrastrucure, we like HCC, we like Madhucon and like you said about Gayatri Projects. Most of these infra players lining up IPOs for their subsidiary so I think on a SOTP basis there is tremendous value in some of the stocks plus we are looking at the cycle and execution picking up. I think what currently we are seeing is some amount of accumulation and we could most probably see a strong radiating in the second half of this year so yes we would stay long in infra stocks despite some uncertainties on the execution front.