Prefer L&T, like MBL Infra: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "If you look at the kind of assets that GVK Power has, the kind of leverage balance sheet that it possesses and the kind of opportunities that one might witness from infrastructure development specifically on the airports side taking place, it will take some time for cash flows to improve meaningfully."

"If I have to pick and choose something from the infrastructure/engineering space, Larsen and Toubro is something that we would still prefer and MBL Infra is one stock that we continue liking, it has corrected decently. Further corrections and it becomes a value buy in terms of the expected cash flows and the kind of valuations it derives," he said.