IVRCL, NCC look good: SP Tulsian

Tulsian told CNBC-TV18, “I will probably be comfortable maybe with a stock like IVRCL, Nagarjuna Construction, which has already seen a correction and the third could be the Lanco Infra because Lanco Infra constitutes the power generation as well as the pure EPC play, so that’s a combination of both these things, but IVRCL and NCC again looks quite good at the current levels.”

He further added, “The unfortunate part for Punj Lloyd is that, whenever we see the quarterly results coming in, it has not been showing any kind of improvement, though we see this kind of sporadic move, but that is unsustainable and unfortunately we have seen the traders or may be the short term investors getting trapped into the stock. I have always been keeping my cautious view. But this time Q1 results will really be very crucial where one should really be keen to watch and I don’t know the reason for sudden upsurge today of about 8-9% which we have not seen happening in the other infra stocks in the similar proportion. So probably we will remain away, won’t be ridding this frenzy of taking the long position in the stock.”