UBS Securities positive on infrastructure space

Suresh A Mahadevan, Head of India Research - UBS Securities is positive on infrastructure space.

Mahadevan told CNBC-TV18, "I am a big believer in infrastructure. The valuations have come to levels where even the largecaps are looking attractive. Of course if you go down the midcap path of whether it is Nagarjuna or GVK or even Lanco, some of these stocks have got quite beaten down and of course people are not looking to take midcap exposure right now but for somebody with a one year kind of outlook, I think some of these stocks could give quite a bit good returns, it is my view and so I am continuing to hold on to the positive view on infrastructure."