Prefer Pratibha Industries and Unity Infra in the smallcap space, says Sneha Poddar, Infrastructure Analyst at Sharekhan.
Poddar told CNBC-TV18, "in Infra companies we expect that the pain would continue for next at least one-two quarters probably what the investors can do is they can start accumulating stocks at these levels. I don't say that things would turnaround immediately; pain would be there but if you are long-term investor one can find value at these levels."
She further added, "We like more of the smallcap companies like Pratibha Industries, Unity Infra wherein the order inflow has been good; the execution has been as per the schedule. For larger companies because of the delay in the clearances and land acquisition issues the execution has also taken a hit but for the smaller companies because these companies handle smaller projects, the execution was on track though interest burden has been there across these sectors. But because these companies at least had strong execution so these companies are better-off and further because they have not got investment into the asset development projects so the burden on the balance sheet is comparatively better compared to the larger players hence we prefer Pratibha and Unity Infra in the smallcap space."
