Valuations of infra stocks are too high: Paras Adenwala
I am always wary of buying into stocks which are cash guzzlers and the stocks that you mentioned, they are perennially need of cash and the valuations too are not particularly cheap and therefore I would really stay wary of them.
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| We spoke about the small cap infra pack but the midcaps and the semi-large caps, the likes of GMR, to an extent Lanco Infra which bottomed out to an extent have bounced back, at these levels would you buy them from a medium term perspective, the likes of Lanco or a GMR?
Paras Adenwala: I am always wary of buying into stocks which are cash guzzlers and the stocks that you mentioned, they are perennially need of cash and the valuations too are not particularly cheap and therefore I would really stay wary of them.
Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors
Paras Adenwala: I am always wary of buying into stocks which are cash guzzlers and the stocks that you mentioned, they are perennially need of cash and the valuations too are not particularly cheap and therefore I would really stay wary of them.
Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors
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