Target of 85 for SREI Infra: Ashish Kapur

ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd, on his views on the market.

ET Now: How do you rate SREI Infra?

Ashish Kapur: Certainly a good company, but we feel the stock has run-up already and the current price kind of factors in nearly all the positives.

The company of course has been doing very well, the results were fantastic. Also their tie up with Quippo is pretty good in the long run. Also the likely hiving off of the road projects, which will help them raise more finances and speed up their existing projects is a positive trigger.

Stock has been doing quite well. The present price more or less factors in positives. Currently it is a good stock to hold on if you bought at lower levels. Any decline closer to Rs 70 could be used as a buying. We have a target of around 85, so currently it is pretty close to that but any decline if linked to market, weakness or some other reason, if you get this stock at Rs 70 or less than Rs 70, then it is a good stock to buy. Currently it is a good stock to hold on.