Prefer IDFC, says Jagannadham Thununguntla

Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "There is no point in being in stocks like Lanco Infratech. They are too small to handle the current debt levels. On top of that, even if the government go gung-ho by about expansion plans, I am not sure that the companies like Lanco how much new order intake they can get. So this is one caution that all the traders and investors especially retail investors have to be careful that while India story maybe back and new government is in full control, all that is good but you have to get your stock selection right. Otherwise, you will not take the advantage of the new government."

"IDFC maybe a good choice if you want to play Indian infrastructure theme or whenever there is a dip, maybe L&T, because these are the names where there will be opportunities if the infrastructure sector revised, definitely not in a Lanco," he said.