Prefer largecap capital goods space: ICICI Securities

One can prefer largecap capital goods, infrastructure space, says TS Harihar, Co-Head Institutional Derivatives, ICICI Securities.

Harihar told CNBC-TV18, "If you are looking at the construction/infrastructure space like the IVRCL or the NCC, I think that is a space I would keep off. Let us understand that most of these people are neck-deep in debt, some of the largest bank funding has gone to them and next three years this ghost is going to come back to haunt them."
He further added, "I think the place I would still prefer is the largecap space of capital goods/infrastructure which would be stocks like BHEL and L&T. I think most of these smaller construction stocks are neck-deep in debt and it is going to haunt them over the next three years."