Buy Ashoka Buildcon, says Pankaj Sharma

Pankaj Sharma, Head of Equities at Equirus Securities told CNBC-TV18, "It is a situation for Ashoka Buildcon where we have seen in the last two-and-a-half-three months there was a one-off kind of event where they had an issue with regulator and compliance authorities but overall macro part is still looking very good for them. If I look at the macro opportunity which is coming their way in terms of more awards of road and better bidding for National Highways Authority of India (NHAI) projects, they are extremely well placed to benefit from that and that is something which will be very good and after the correction, which we have seen.""It's a great price at which you can buy it and macro opportunity is best placed among the road players to benefit from that opportunity," he added.