Uptick seen in entire space of construction cos: Dipan Mehta, Member, BSE & NSE

In a chat with ET Now, Dipan Mehta, Member, BSE & NSE speaks about capital goods and infrastructure companies.

Based on your estimates, where is the place you would put money on. Do you see any pockets that could give you significant performance either in terms of stock price or results?

We should look out for these capital goods and infrastructure companies. They have been disappointing for a long period of time. They have always at bulging order book position but never been able to convert them into projects and revenues but may be this time around you could see an uptick coming in over there and the entire space of construction companies Nagarjuna, Patel Engineering, IVRCL, L&T though the typical entire industry grew that could come out and pleasantly surprise the investors. And these stocks in a way they have been a laggard in the market despite so much of excitement around infrastructure and construction and the kind of rollout which is taking place. These stocks have not delivered the kind of returns they have delivered if you remember back from 2004 to 2007 so may be this could be the quarter in which this sector could breakout but do take this with due disclosure in mind because we have investment recommendations in several stock within that industry space.