Exit Gammon Infra, prefer L&T: Rajesh Agarwal

Rajesh Agarwal, Director-Research at Eastern Financiers Limited told CNBC-TV18, "At this point of time I would suggest getting out of Gammon Infrastructure Projects because there are no hopes seen in the very short-term as such unless of course there is something on the interest rate cut side or some big bang announcement from the government towards the infrastructure projects."

"I don’t think this company is going to do anything. Rather if one wants to be in infrastructure, considering the fact that we are on the peak of the interest rate cycle, one can look at stocks like L&T which would give you at least stable returns in the medium-term to long-term. So why stick with smallcap companies like Gammon Infra, which is reeling under huge debt and a whole lot of problems, I think one should get out of that," he said