Infra stocks may see 5-10% rally: Way2Wealth

Aditya Agarwal, Way2Wealth is of the view that infrastructure stocks may see 5-10% rally.

Agarwal told CNBC-TV18, “We are expecting that some more steam is left in the infra space. We have seen lot of short positions in these sectors, particularly infrastructure in last couple of months and from lower levels, yes we have seen some very sharp short covering rally, but lot of short positions are still left in these infra stocks. So we are expecting that these stocks may see some more upside rally of 5-10 percent and if these stocks see a value of another 5-7 percent that will be a time when one can make short positions."

He further added, "But as of now there will be a dip of 3-4 percent in infrastructure stocks, be it Lanco Infra, GMR Infra or Reliance Infra. I think that will be a time where one should accumulate long positions. So if there is a 3 percent correction then from those levels we can see 8-10 percent upside in whole infrastructure space.”