Mithanthaya positive on Era Construction

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Shrinath Mithanthaya of Motilal Oswal Securities is positive on Era Construction .

Mithanthaya told CNBC-TV18, "Era Construction has evolved from being an infrastructure construction company to also doing private sector projects and also are now getting into housing and residential constructions and that is what is really driving the topline and the bottomline growth on a consolidated basis. It is one of the cheapest in the construction space and that is why we are positive on it. We are expecting a significant jump about Rs 21 crore against Rs 4 crore reported last corresponding quarter."