Shardul Kulkarni, Sr Technical Analyst, Angel Broking is bullish on Electrosteel Castings.
Kulkarni told CNBC-TV18, "My favourite space as of now would be infrastructure. If I take a two and a half to three year perspective, I think infrastructure would be one of the spaces. Shree Renuka Sugar is one counter which I would specifically look at."
He further added, "Auto ancillary space offers you good opportunities. In case of the metals, Electrosteel Castings is one counter wherein we are quite bullish fundamentally. The time frame for all these stocks is that you should look at least 18 to 24 months. In case of autos I would also look at the tractor space with Escorts as a good bet."
Disclosures: It is possible that we have positions in the above stock and we have recommended them to our clients.