Sanjiv Bhasin of IIFL told CNBC-TV18, "If I have a longer term view given the advent of Nitin Gadkari on 14 kilometres a day, given the outlook and given the performance, IRB Infra definitely will warrant a look at lower levels. Also it has allied most of the fear that the loss of revenue as far as the toll tax will be made up by the government.""Firstly, the devil of demonetisation has played out negatively. It has played out positively for people who actually bought fear at 7,900. We were few of the ones who actually put our neck out and said you buy you will get 8,400-8,500 before the Budget and you are seeing a pent-up rally with short covering the best ever squeezed of bear. So, I think IRB Infra would be a very good buy closer to Rs 215-220," he said."We will analyse the number further but from the commentary which I was hearing if the government compensates them for the loss of revenue for the days when they have made it free then it is a win-win situation. Plus road ahead seems very clear that infra and road builders will be in a very sweet spot given the news from the Budget and the reforms we are looking forward to."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
