Prefer IRB Infrastructure, Man Infraconstruction: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "This particular space itself looks very interesting because if there is one sector or there is one area where the government is actually working and showing the work, it is the road sector, infrastructure sector. I think J Kumar Infraprojects is a stock with a clear disclosure, we are holding it for our clients."

"The point is that at the present level the stock looks a little bit expensive. Should one buy afresh, should one hold it? We are certainly holding it. At the present level if you ask me to compare it with say other players like IRB Infra, I think IRB I would prefer. Valuation wise it looks attractive and as far as the problem in the balance sheet, it could be largely taken care of in 2017-2018 is my feeling."

"Another dark horse in this pack and which again is a clear disclosure is Man Infraconstruction. At Rs 60-61 this is the best stock in the particular segment," he added.