Anish Damania, Head-Institutional Equities at IDFC Securities told CNBC-TV18, "We continue to like the road space and the construction space. Within the infra pack this is generally the preferred space like in case of construction we feel that over the next two years a lot more government expenditure and probably a bailing up of industrial capital expenditure (capex) cycle could drive the growth and given the fact that wherever the balance sheets are a little bit stronger is some of those companies which we like."
"In the road space we feel that traffic growth has picked up over the last three quarters and it has accelerated over the last one quarter as well. The road space has become very attractive and as we go forward given that there are very few companies who will be bidding for the plethora of projects which are coming up, sometimes the intensity will be down. So to that extent the road space which has now even corrected a little bit from its peak in the last month offers an exciting opportunity to buy the stocks," he said.
"We would like IRB Infrastructure Developers and Ashoka Buildcon in that space. In the construction space we like NCC and obviously the leader in that space remains Larsen & Toubro (L&T)."
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