Kedia told CNBC-TV18, "On the infrastructure space Reliance Infra is a stock which is looking nice. The stock has corrected well in the last three-four days. Nifty is up about 1%, infrastructure has done about 7-7.5% with good open interest build-up. We have seen some aggressive shorts in the name. But I do think fundamentally the stock looks nice, the engineering, procurement and construction (EPC) orders have been building pretty well at large."
He further added, "The stock is very powerful on the road segment, it also building up its first 100% private transmission plant. I think balance sheet which is so diverse should broadly end-up outperforming the market with the infrastructure spend increasing. So Reliance Infra is a stock I would go long at these levels of course I have also seen a healthy correction in the stock, I expect the stock to trade broadly in the band of around Rs 1,000-1,200 levels. It's corrected from about Rs 1,190 to about Rs 1,070-1,075. I think its buy on dips stock."
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