Baliga positive on infrastructure space

Ambareesh Baliga of Karvy Stock Broking is positive on infrastructure space.

Baliga told CNBC-TV18, "I will be slightly more positive on the infrastructure space as compared to the pure realty plays. So possibly in a bounce back these are the stocks, which could bounce back better than the realty space but again if you are talking from a fundamental long-term investment angle, other than Punj Lloyd and possibly Hindustan Constructions, other plays like IVRCL I would possibly ignore from an investment point of view. But at these levels it makes sense in investing in stocks like HCC and Punj Lloyd. If one is able to ignore the possible 10-15% downside. But one needs to look at least 40-80% upside over the next one to one and a half years, before that we could see a downside."