Look at VA Tech Wabag, says Deven Choksey

Deven Choksey of KRChoksey Investment Managers told CNBC-TV18, "I would think that going forward the performance in most of the companies which are delivering to the infrastructure space, there could be relatively better off. One company which we like within this space and it is a pure play engineering company without any assets is VA Tech Wabag. It is a company where basically we find that entire water management business is getting a larger amount of thrust in the country.""In the way in which they are getting the order intakes, I would think that this particular stock has higher amount of potential going forward. I am not too sure whether on quarterly basis, we could possibly the numbers falling in line every quarter-after-quarter. But the way in which the order book has been created, it gives me the confidence that around 15-20 percent kind of a growth on an yearly basis is certainly given in this particular company. So, if one is looking at pure play infrastructure and the companies which are playing major role in this, this one company could be seen as a company which is providing the infrastructure services in the water management business," he added.