Five mid-cap infra stocks to bet on

Carborundum and Jain Irrigation stocks don't depend on the traditional capex cycle for growth

Infrastructure stocks are once again gaining traction, given the improving ordering scenario. The low base effect is helping them post better order growth than in the year-ago period. While the mention of infrastructure usually prompts investors to look at stocks such as Siemens, BHEL, L&T and ABB India, there are mid-cap stocks such as VA Tech Wabag, Jain Irrigation, Greaves Cotton, Carborundum Universal (CUMI) and Sintex Industries, which investors can look at, given the niche segments they cater for. Being uniquely positioned, most of these companies were vulnerable to the pressures of demonetisation as their clients were sensitive to such