Moneycontrol
Get App
Last Updated : Mar 11, 2014 04:25 PM IST | Source: Moneycontrol.com

Prefer infrastructure stocks: Amit Dalal

Amit Dalal, ED at Tata Investment Corporation prefers infrastructure stocks.


Amit Dalal, ED at Tata Investment Corporation told CNBC-TV18, "I have always said this over a period of time that I am not very positive on the capital goods sector which supplies to the power industry whether they are equipments used for putting up a power plant or with equipments used for distribution equipment. I think there is just too much surplus capacity in the system and what we saw in FY3 to FY8 in terms of the capex that took place in this industry, it just does not have the strength to repeat that capex and you will always find margin pressures in this basket of companies.”


“The infrastructure, the E&P companies, the ones which are going to participate in any kind of change that will come because of the new government’s allocation and perhaps focus of development be it road construction, be it refrigeration and transportation of food materials, be it in terms of building up railway stations or railway tracks, I think all these companies at least the leaders in these sectors should be invested in and some money should be allocated to them,” he added.



Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Mar 11, 2014 04:25 pm
Sections
Follow us on