Lots of potential in road construction play, but investors need to be choosy, says stock market guru SP Tulsian

While there is a lot of sense to opt for road contracting firms and developers, it is difficult to take a call as each company has to be looked at differently, says stock market guru SP Tulsian of sptulsian.com.

Talking about IRB Infra, Tulsian said: “There is a lot of sense to buy these road contracting plays. A lot of potential is there in this sector and one has to be very choosy. In the road space, those pure engineering, procurement and construction (EPC) players, such as NCC, KNR Construction, they all should be looked into. I won’t be too confident on the IRB Infra because that has its own problems. Apart from that if you purely take the execution capability of some of this companies and take a call accordingly that will be quite positive.”