Prefer MBL Infra: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "The kind of reasoning that the management of IRB Infra has given over the past few quarters in maintaining their IRR, bidding very selectively for road projects and growing their balance sheet in a very concise manner, I think that augurs well for the stock. However I would like to go for the EPC players, so something like MBL Infra which caters to the EPC segment, BOT segment, that is something that I will prefer both based in terms of how the earnings are expected to pan out for the company and again in terms of valuations."

On Friday, MBL Infrastructures closed at Rs 546.50, up Rs 7.25, or 1.34 percent. It has touched an intraday high of Rs 549 and an intraday low of Rs 540.