Avoid infra stocks, says Rahul Mohindar

Rahul Mohindar, viratechindia.com advises traders to avoid infra stocks.

Mohindar told CNBC-TV18, “I am particularly not fond of most of the infrastructure names from a medium-to-long term perspective. So what you are seeing today could really move into a slightly short-term move, but again that could leave out what 4 or 5 percent and that may not really give us a constructive upside.”
He further added, “From here, decision has to be very stock selective, but broadly infra as a space I would still give it an avoid probably in the next 4-5 percent if you are stuck in these stocks at higher points maybe that’s the time to take some profit or get out.”