Tulsian told CNBC-TV18, "Nagarjuna Construction results have been really very bad which came yesterday afternoon or maybe in the evening. Obviously with this kind of results you cannot have comfort. Apart from that if you take a call on all the infra stocks which we have been discussing for last couple of days that they are now due for correction whether you include IVRCL , Suzlon , GMR Infra , GVK Power . The kind of run up we have seen in this stock in last one month anywhere between 60-100% I don't think that one can really keep on having this kind of run. One can include the stock like Sintex or maybe a Voltas also which lately in last four or five days it has been moving."
He further added, "I am surprised that why today Tata Power has not corrected. One should take a cue from Adani Power results, the kind of increase in the raw material costs which we have seen and I was expecting that probably Tata Power should also be down today by about 4-5% but that has been holding on probably largely because of this strong trading grip. I don't that fundamentally justifies. So if you take a overall call on all these infra stocks the kind of run up they have seen in last 15 days to one month probably the trigger was required for profit booking which has come maybe in the form of subdued results from Adani Power and Nagarjuna Construction."
