Hold IRB Infrastructure, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "The situation that we have on hand where you don't have to pay toll at a lot of places has created a situation where there is a loss to companies like  IRB Infra   which in fact collect toll. If I remember correctly, the figure I had read 4 or 5 days back was Rs 462 crore or in that vicinity. We don't know how they are going to be repaid, how they are going to be compensated etc which definitely means that this quarter is not going to be a great quarter for IRB Infra." 

"However, once this period is over there should not be any real change in the kind of earning visibility that a company like IRB Infra will have for the simple reason that it will be back to business as usual for them while lot of other sectors may actually face the pain of seeing lower off take, lower demand etc. So, from that point of view IRB Infra is okay." "Also we have been hearing that NHAI has been talking of more orders etc. So, from that point of view also within the infra space, I think the road space will be the first to see more orders when government spending sort of picks up in the next couple of months. So, if one is a longer term investor you should stay invested and maybe one can try and average it if you do see the market overall correct more," she added.

Buy cement stocks, advises Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I think it is a good time to buy cement and that is what I have been saying now for the last week or 10 days that get into cement because these stocks have fallen again because of demonetisation, the affect on real estate." "However, then we should remember that finally the government would be richer at the end of this demonetisation exercise and to kick start the economy they will start spending on infrastructure. 

That is when you will again see a decent boom happening in the infrastructure space," he said. "I am sure there would be decent sops for the housing sector in the Budget because that is another way to kick start the economy. So, from that point of view o think after a lull of possibly 2 or 3 months, you will again see the cement sector booming again. So, this is again the right time to start looking at cement especially stocks like UltraTech Cement   and Ambuja Cements   which has corrected decently well."