Stay away from infrastructure space: Sanjeev Prasad

Stay away from the infrastructure space, says Sanjeev Prasad, Institutional Equities, Kotak Instl Equities.

Prasad told CNBC-TV18, "Stay out of infrastructure space for the time being I would say till you see some signs of revival as far as CAPEX winding is concerned. You had L&T which came out with I would say somewhat lower than expected numbers; about 5% lower than what we were expecting. But it came out with a very strong set of guidance as far as order booking is concerned for 2012 and also order booking which has released in fiscal 2011 actually surprised on the upside.