We are not optimistic about infrastructure space: BNP Paribas
Hormuz Maloo, technical analyst, Geojit BNP Paribas Financial Services, in an interview with ET Now says that he is not too optimistic about the infrastructure space.
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| What are your views on the infrastructure space? How are you looking at it?
Technically there might be a pullback but I think this is another space that has not performed fundamentally. We have seen a lot of negative surprises from companies like L&T, IVRCL, Hindustan Construction, Reliance Infrastructure - Reliance Infrastructure has been a non-performer since last six months.
So I think this is another space that we are not too optimistic about. If you are holding on to shares yes you can continue to hold on but otherwise if you are seeking an entry then think you can wait for a slightly lower price.
Some of other stocks are in news like Sadbhav Engineering and Royal Orchid. Are you tracking any of those?
Not really I have my eye mainly on the group companies.
Technically there might be a pullback but I think this is another space that has not performed fundamentally. We have seen a lot of negative surprises from companies like L&T, IVRCL, Hindustan Construction, Reliance Infrastructure - Reliance Infrastructure has been a non-performer since last six months.
So I think this is another space that we are not too optimistic about. If you are holding on to shares yes you can continue to hold on but otherwise if you are seeking an entry then think you can wait for a slightly lower price.
Some of other stocks are in news like Sadbhav Engineering and Royal Orchid. Are you tracking any of those?
Not really I have my eye mainly on the group companies.
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