Infra stocks likely to move up: Sukhani

Sudarshan Sukhani, s2analytics.com feels that infrastructure stocks likely to move up.

Sukhani told CNBC-TV18, “In infrastructure we have seen big bash battering and now the infrastructure stocks have been coming up and I have been suggesting that these are now bottoming out. I think the big gains in this month could be in the infrastructure stocks and these stocks are not in the Nifty but for stocks like IVRCL, GVK Power or even NCC, HCC these are the stocks that we should be looking at, ancillaries to that like IDFC, this is where the big gains should come.” He further added, “In the banking space one can hold Axis Bank,” The company touched its 52-week high Rs 1,367.10 and 52-week low Rs 784.50 on 01 Aug, 2011 and 02 Jan, 2012, respectively.