Stay away from the bigger infrastructure stocks, says Technical Analyst, Sudarshan Sukhani.
Sukhani told CNBC-TV18, "None of Punj Lloyd , JP Associates are giving a the sense that they are going to go up, they are underperforming and that underperformance still remains, so rather than infrastructure I would focus on the sub-sector of construction like Nagarjuna Construction , Hindustan Construction Company (HCC) some other similar stocks would be more interesting even a dark horse like BL Kashyap & Sons . So I would stay away from the bigger infrastructure stocks."
Hindustan Construction Company touched an intra day high of Rs 146.15 and an intra day low of Rs 143.60. At 10:21 hrs the share was quoting at Rs 145.40, up Rs 2.75, or 1.93%.
Its Market Cap is of Rs 4,409.25 crore. The company's trailing 12-month (TTM) EPS was at Rs 2.96 per share. Currently is is 404.86% above the 52-week low of Rs 28.80.
