Pick KNR Constructions, says Gaurang Shah

Gaurang Shah of Geojit Financial Services is of the view that one may pick KNR Constructions.

March 05, 2018 / 03:47 PM IST
A labourer, wearing an improvised protective mask, welds steel bars at a residential construction site in Quzhou, Zhejiang province April 3, 2014. Chinese steel and iron ore futures edged higher on Thursday, spurred by Beijing's move to hasten construction of railway lines to support a slowing economy, although gains were capped since the boost to steel demand is likely to be limited. REUTERS/Stringer (CHINA - Tags: BUSINESS COMMODITIES SOCIETY CONSTRUCTION) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR3JQYS
A labourer, wearing an improvised protective mask, welds steel bars at a residential construction site in Quzhou, Zhejiang province April 3, 2014. Chinese steel and iron ore futures edged higher on Thursday, spurred by Beijing's move to hasten construction of railway lines to support a slowing economy, although gains were capped since the boost to steel demand is likely to be limited. REUTERS/Stringer (CHINA - Tags: BUSINESS COMMODITIES SOCIETY CONSTRUCTION) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR3JQYS

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "If you want to play the infrastructure then first of all, if you want to trade short term, you need to be very specific and careful what sector and stock you select. I do not think infrastructure is a sector where you can have a short term view. My view is, long term if you want to play the infrastructure theme, then KNR Constructions is the company that I would recommend."

"The Q3 numbers that KNR Constructions came out with were stellar set of numbers. On all parameters they beat our expectations. So I would prefer KNR Constructions, but again with a one and a half to two year time horizon," he added.
CNBC-TV18
first published: Mar 5, 2018 03:47 pm
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