Parag Thakkar of HDFC Securities told CNBC-TV18, "In construction I would like to stick to a company call KNR Construction which has a net working capital cycle of just 50 days which is the best in the industry. They are very less leveraged or highly capable company like Simplex Infra."
"In defence Bharat Electronics is a monopolistic electronic PSU. With so much of defence work now coming in and I am expecting that again in this regime working capital cycle of the defence and construction sector will also improve, Bharat Electronics still remains a debt free company but the point is that as you get your payments fast at least you can pass that money in FD and earn interest," he said.
"In railways Texmaco Rail is the name and it is not feasible to see the numbers as of today because for example in last three years nothing has happened in railways. Now with Suresh Prabhu taking over the charge and the talks of borrowing from LIC about Rs 1 lakh crore and then building rail infra, those kind of things will take this sector to a great level."
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