Buy IVRCL Infrastructure above Rs 82-83: Kulkarni

Buy IVRCL Infrastructure and Projects above Rs 82-83, says Shardul Kulkarni, Angel Broking.

Kulkarni told CNBC-TV18, "If you look at IRB Infra I think the stock does look good. If you look at it from a trading perspective, I think once this stock crosses Rs 205 levels, you will see a decent upmove going forward." He further added, 'In case of IVRCL Infra also, I would recommend that you should actually look at buying this counter above the levels of Rs 82-83. Once the stock crosses Rs 83, for the first time after 6 to 8 weeks, you are seeing a higher top, higher bottom structure. But mind you this stock should cross Rs 83 levels, above which I would expect a target of probably Rs 95 or Rs 97." "Infrastructure as a whole I would say that we have been recommending infrastructure stocks for investment purposes, unfortunately the trading calls have not been too great. We are looking at sideways movement in the infrastructure and then probably an upmove in next 12-18 months."