Shastri told CNBC-TV18, "The investors can continue to hold on to Ansal Properties & Infrastructure because if you look at the company's transformation in the past one year or so, the company is trying to shift and convert and transform their focus mainly from their builders and developer's phenomena to engineering and turnkey builders and developers and they also want to diversify into wind and other related engineering segment services. So all and all put together, I think good developments are taking place within the company."
He further added, "The company is also showing a good growth rates and in the fourth quarter also company showed around 284% growth rate in its PAT lines. That apart on forward earnings basis, it is quoting at a multiple of around 13, which compared to other companies within the same segment is quite attractive. I feel that if one has one year time horizon then definitely this scrip is poised to see its 52 week high of around Rs 567. So Rs 567 maybe a target price one can keep for this stock from one year time perspective and definitely keep on adding and hold on to the stock."
