UBS Securities positive on infrastructure space

Suresh Mahadevan, MD & Head of Indian Equities at UBS Securities is positive on infrastructure space.

Mahadevan told CNBC-TV18, "If I look at the laggard sectors, I think infrastructure at least largecaps may start doing well sooner or later. The interest rate hike is something which affects these companies from headlines, sentiment and valuation perceptive but at these prices certainly quite a bit of that I would think has been priced in."
He further added, "I think its worth looking at infrastructure, we are definitely positive on the sector, we are recommending things like L&T, BHEL even some midcaps but infrastructure sector should