IVRCL Infra may come down to Rs 76: Kulkarni

Kulkarni told CNBC-TV18, "After a long time IVRCL Infra has actually shown strength to move above the 50 day moving average. So I think that the stock has moved up from Rs 70 to Rs 80-85. A small correction is something that one can definitely look at. The entire market is wherein we are expecting a little bit of correction or consolidation. So the stock may come down to the levels of around Rs 76, wherein I think that you can venture into the stock."

He further added, "I think if you look at the entire infrastructure space, Patel Engineering as well as IVRCL, these are two stocks wherein we feel that you can invest and look at probably around 6-8 months of time frame and I think you will get good returns."

Disclosure: It is possible that we have exposure in certain stocks that we have spoken about and I have recommended that to our clients.