Keep 6-12 month view on Mundra Port, GMR Infra: Tulsian
Keep 6-12 month view on Mundra Port, GMR Infra and GVK Power, says SP Tulsian, sptulsian.com.
February 14, 2011 / 14:29 IST
Keep 6-12 month view on Mundra Port, GMR Infra and GVK Power, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "In my view I think all the infrastructure stocks have bottomed out and you need to differentiate between two. The companies which own large assets like airports, seaports and the pure contracting plays. If any contracting or construction companies if are ruling in a PE multiple of less than 8 and if they have the order book pipeline for the next two years one should go for that obviously because this will be giving them the consistent profit, consistent growth."He further added, "Coming on the infrastructure, companies owning large projects maybe like airports, seaports which one could put hands on, Mundra Port, GMR Infra or GVK Power, all these stocks look good, only thing that one needs a time horizon of at least 6 to 12 months on these stocks. I am not saying for the traders. Obviously the bounce back will be seen in all these stocks purely as a trader but even from investment point of view 2011 when from here on should be good for this sector." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
